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Eximbank launches subsidized credit scheme for SMEs

Banking

Magyar Eximbank on Monday announced the launch of a subsidized investment credit scheme for microbusinesses and SMEs that export, supply exporters or are planning to enter export markets, according to a report by state news wire MTI.

Under the scheme to speed up the economic recovery, businesses may apply for loans denominated in forints or euros, up to HUF 3.5 billion or EUR 10 million, with maturities up to 10 years.

The loans carry a fixed rate of 1.5% for the forint credit and 0.5% for the euro credit.

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