Bank Loans to Hungarian Companies Slide to Eight-Year Low: Chart
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Lending to businesses in Hungary fell to the lowest in at least eight years in the first quarter as the nation’s economy shrank. The slowdown in lending coincided with central bank efforts to scale back the eastern European nation’s reliance on a two-year-old program to provide cheap loans to small- and medium-sized companies. Three interest-rate cuts and forecasts for a pickup in growth may revive lending later this year.