K&H Tapping Almost HUF 130bn Of Cheap Credit In Hungary
- 9 Sep 2014 6:00 AM
K&H Bank has signed contracts with clients for 69 billion forints in cheap credit from the National Bank of Hungary’s Funding for Growth Scheme by the end of August, the company’s chief executive said. Hendrik Scheerlinck said the bank is in the process of lending another 60 billion forints to SMEs from the credit.
K&H Bank’s share of Hungary’s entire lending market came to 8.9% in the first half of the year, up from 8.3% in the same period a year earlier.
The stock of client loans edged down 0.6% to 1,384 billion forints (EUR 4.37bn) in the first half and client deposits rose by 6.6% to 1,290 billion forints (EUR 4.07m).
Source www.hungarymatters.hu
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