The MNB estimates that the FGS increased the average investment rate of SMEs that participated in the program by 7 percentage points.
Among enterprises employing fewer than 10 workers, the investment rate grew by 17 percentage points. Companies with 10-49 workers registered an increase of 6 percentage points. Companies larger than this had an increase of less than 5 percentage points.
SMEs applying specifically for investment loans had a 17 percentage point increase in their investment rate on average.
Under the FGS, The MNB provides zero-interest refinancing to banks which they can lend to SMEs at an APR not exceeding 2.5%.
During the first phase of the FGS between June-September 2013 contracts signed under the program came to almost HUF 1,400 bln, the central bank said earlier.
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