Hungary banks see no lending rebound-cbank survey

BUDAPEST: Hungarian commercial banks tightened corporate credit conditions further in the first quarter and see no turnaround in the coming months, a quarterly survey by the Hungarian central bank (NBH) showed on Thursday.

"Most banks would be willing to increase lending, but without easing the current credit conditions," the bank said in a statement.

"Banks cited tightened and more costly access to external foreign currency funding, and weak ability to accumulate and attract capital stemming from low profitability as the main factors contributing to tightening (conditions)," it added.