Erste Bank launches factoring subsidiary

Erste Bank Hungary has added a factoring company to its subsidiaries, following approval by financial market regulator PSzAF, the bank announced on Thursday.

Bp Bank offers new credit products for SMEs

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).

Credit line for SMEs of Ft 25 bn

The Economy and Transport Ministry, the Hungarian Investment and Trade Development Kht (ITD Hungary) and the Hungarian Development Bank Rt (MFB) have jointly launched a programme to assist small- and medium-sized enterprises (SME’s) in the

HNB base rate cut

Hungarian National Bank’s (HNB) Monetary Council (MC) cut down the base rate by 25 basic points to 7.50%, HNB announced.

New factoring company launched

A new factoring and forfaiting company has been launched by Hнr Televнziу Rt owner Istvбn Tцrцcskei and Klбra Deбk, who headed CIB Faktor Rt until recently, according to an announcement in Magyar Tokepiac, the State Financial Institutions Superv

Atradius sees growth ahead on credit insurance market

Hungary's credit insurance and receivables management market is worth about HUF 2.5bn, but should grow significantly, as Hungarian companies do more business with companies in other EU countries, according to Balazs Vanek, who heads the recently-o

Michelin supporting SMEs

The Hungarian units of Europe's biggest tyre maker, Michelin, has started up the Economical Development Kht fund with the aim of helping small- and medium-sized enterprises (SMEs) and job creation.