EIB lends Magyar Eximbank EUR 200 mln to support recovery

Banking

The European Investment Bank (EIB) on Tuesday said it will lend EUR 200 million to Magyar Eximbank, creating a new credit line to support the faster recovery of Hungarian companies from the impact of the coronavirus crisis, according to a report by state news wire MTI.

The financing will be available for working capital and investment loans.

The loan is part of COVID-19 emergency measures the EIB is rolling out to support EU member states during the pandemic.

The EIB signed a EUR 162.5 mln loan with Hungary's government in December to support the country's healthcare sector.

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