Exim Reopens Applications for Reindustrialization Loan Program

Banking

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Exim Hungary has reopened the acceptance of applications for the Gábor Baross Reindustrialization Loan Program, according to hrportal.hu. 

More than half of the HUF 200 billion frame amount has already been applied for by domestic enterprises, Exim Hungary, the country's official export credit agency, announced in its statement. 

In just a few days, 88 new loan applications with a value of approximately HUF 122 bln were submitted to commercial banks, leasing companies, or directly to Exim Hungary. 

The Gábor Baross Reindustrialization Loan Program, which has been increased to HUF 1.2 trillion in total, is not only one of the most sought-after financing schemes in Exim Hungary's 30-year existence but is also one of the country's most successful loan programs ever, the agency emphasized.

Applications for the loans reopened to domestic players in the automotive, food, pharmaceutical, construction, logistics, tourism-hospitality, telecommunications sectors and the green industrial transition from January 15. Under the loan program, the government provides favorable financing, offering 10-year loans and five-year leasing products, with an interest rate of 5% in forints and up to 3% in euros.

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