FX-Denominated Loans: More Growth Ahead?

May 2007
Emerging Europe Monitor: Central Europe & Baltic States;May2007, Vol. 14 Issue 5, p3
Country Report
Country Report
The article discusses the growth of Hungary's foreign currency lending. According to the article, the foreign currency lending in the country is at high rate, with household loans growing from 10% in 2001 to 50% in the fourth quarter of 2006. Among the factors that contributed to Hungary's strong growth of foreign currency lending are the advent of European Union negotiations and robust economic growth.


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