CBank Programme Ensures 4.5 Bn Euros To Hungary SMEs
- 8 Apr 2015 9:00 AM
Under the National Bank of Hungary’s credit for growth programme a total 1,360 billion forints (EUR 4.5bn) have been lent to some 21,000 Hungarian small and medium-size enterprises since the scheme was launched in June 2013, the central bank said on its website.
In the second phase of the programme, loan contracts totalling 660 billion forints have been signed, out of which 512.5 billion forints were paid out to borrowers by the beginning of April.
According to the website, 63% of the new loans have been taken out for development projects and leasing transactions, 26% for operating assets, and 11% as co-payment to EU-financed projects.
Three-quarters of the loans have gone to the areas of agriculture, trade, repair services and manufacturing, the central bank said.
Source www.hungarymatters.hu
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