Lóga said the InvestEU guarantees would reduce financing risks for local SMEs and raise the scale of SME lending stock over 20% of GDP by 2030.
István Attila Szabó, the head of Garantiqa, said the guarantor could use the InvestEU guarantees for surety of EUR 1 bln.
The guarantee products will be available from CIB Bank, MBH Bank and Oberbank initially, but at more lenders later on, he added.
The guarantees will back credit for investments in the digital and green transitions, regional and rural development, the farm and food industry, supply chain developments, efficiency improvements and R&D, he said.
Garantiqa’s surety stock was close to HUF 690 bln at the end of August and could exceed HUF 1 tln by year-end, he added.
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