Survey: 15% of SMEs seek to join Funding for Growth phase II

Telco

About 12% of Hungarian SMEs received loans from refinancing available in the first phase of the National Bank of Hungary’s Funding for Growth scheme, and another 15% want to tap the scheme in its second phase, news agency MTI reported citing a survey by Budapest Bank.

The central bank made HUF 750 billion (€2.5 billion) of zero percent refinancing available to banks to support lending to SMEs in the first phase of the scheme in June-September.

The second phase of the scheme launched in October with HUF 500 billion of refinancing.

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