MFB to set up more partner points than originally planned
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.