Construction Companies Tap Funding For Growth Scheme
- 13 Dec 2013 8:00 AM
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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