The credit was disbursed to 15,863 businesses. Contracts signed by April under phase II amounted to HUF 660 bln. The total contracts signed for both phase I and phase II of the FGS exceeded HUF 1.360 trillion, the central bank said. Under the FGS, MNB provides zero-interest refinancing to banks which they can lend to SMEs at an APR not exceeding 2.5%.
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