MTB takes out 10 billion euro loan for SMEs


Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out a Ђ10 billion loan yesterday.

The credit line will be made available to small- and medium-sized enterprises (SMEs) under an EU loan programme in Q2 2004 to aid new investments. Companies can apply for a maximum of Ђ250,000 to cover up to 85 per cent of their investment costs.

Source: Budapest Business Journal



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Posted on Apr 1, 2004
Region: Hungary