Contracts signed under phase II, with 19,454 businesses, amounted to HUF 825.8 bln by the end of July.
Including the first phase of the scheme, financing under the FGS in June-September 2013 reached approximately HUF 1.530 trillion, the central bank said. The credit went to about 24,200 businesses.
Under the FGS, The MNB provides zero-interest refinancing to banks which they can lend to SMEs at an APR not exceeding 2.5%.
The central bank launched phase II of the scheme in October 2013 for an initial volume of HUF 500 bln which it raised to HUF 1 trillion in September 2014.
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