MFB to set up more partner points than originally planned

Initiatives

The state-owned Hungarian Development Bank (MFB) has raised the number of partner points it plans to set up to support outlays of European Union-subsidized development loans from 422 to 650, state secretary for postal affairs Zsuzsa Németh said today, according to Hungarian news agency MTI.

Németh said more partner points are needed because of strong demand. The MFB also wants to enter the retail lending market and provide interest-free loans for energy efficiency improvements of condominiums, cooperatives and family homes, she added. 

The tender for the expanded network is to be called in the near future, she said.

The state secretary was speaking at the inauguration of the 115th MFB partner point in Eger. The opening of the partner point reportedly marked the finish of the second phase of the networkʼs establishment.

In April, a consortium including state-owned Budapest Bank and savings cooperative integrator SZHISZ members Takarékbank, B3 Takarék Szövetkezet and FHB won a tender to establish the network.

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