Budapest Bank Rt's (Bp Bank’s) corporate division announced the introduction of new products targeted at small businesses with annual revenue of up to Ft 50 m (€200,000). The products include a special current account which allows businesses to overdraw up to Ft 500,000 after a basic credit check. Business owners will also be able to mortgage privately owned real estate against loans of up to Ft 20 m. The bank charges 18-18.5 per cent interest on the special overdrafts and 14-15 per cent for the mortgage-type loans. Source: Budapest Business Journal
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