Hungarian Exim bank to support SMEs with €331m finance

Hungary’s state-owned export-import bank has agreed to credit facility investments totalling €331m with 13 financial institutions in the country. The financial institutions are Budapest Bank, CIB Bank, Commerzbank, Erste Bank Hungary, Gránit Bank,...

EIB supports Hungarian SMEs development and competitiveness

Last year, the EIB Group signed loans worth €700m with Hungary to promote SMEs, urban development and competitiveness. The financial support was aimed at export-oriented companies, education, urban development and telecommunication projects. In 2017...

No effects seen from National Bank programme to increase lending

Hungarian lenders outstanding stock of forint (Hungarian currency) loans to non-financial companies fell further in June, indicating that the effect of an ongoing National Bank of Hungary scheme to boost lending to small and medium-sized firms (SME) is not yet visible.