Construction Companies Tap Funding For Growth Scheme

  • 13 Dec 2013 8:00 AM
Construction Companies Tap Funding For Growth Scheme
About 21 billion forints in credit from the first phase of the National Bank of Hungary’s Funding for Growth Scheme went to the construction industry, and companies tapped a further 48 billion for real estate projects, NBH managing director Márton Nagy said at a meeting of building association EVOSZ on Thursday.

The NBH made 750 billion forints of 0% refinancing available to lenders in the first phase of the scheme in June- September.

The second phase of the scheme launched in October with 500 billion forints of refinancing.

Source www.hungarymatters.hu

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