Magyar Eximbank signs for €50 mln credit line from CEB

Pharma

Hungaryʼs Eximbank signed for a €50 mln credit line from the Council of Europe Development Bank (CEB) in Budapest. The credit will be used to expand Eximbankʼs lending to microbusinesses and SMEs. 

The CEBʼs loan portfolio in Hungary comes to about €1 bln, said Vice President Mikolaj Dowgielewicz. The financing supports projects that create jobs, prevent ecological disasters and modernise the education system, he added.

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