The financial situation of the Hungarian population is slowly improving, and with it the willingness to take out loans has also started to increase, according to data from a national survey commissioned by Provident Financial Ltd. Although demand for credit has fluctuated over the past few years, along with consumer confidence, both are currently on […]

Financing difficulties in the construction sector are compounded by late payments from long chains of subcontractors, especially to the micro and SME sector. In addition, only a fraction of these companies are creditworthy, which is why it is particularly important for them to obtain advances from customers, the National Federation of Hungarian Building Contractors (ÉVOSZ) […]

Activity on Hungary’s credit market showed a general slowdown in October, even though bank lending rates only started to rise sharply in November. Given the rather aggressive monetary tightening pursued by the National Bank of Hungary, the coming months could bring an even more accentuated slowdown in lending. Activity on the Hungarian retail credit market […]