K&H Bank Signs InvestEU Funding Agreement With EIF

Banking

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Hungary's K&H Bank has signed an agreement with the European Investment Fund (EIF) on accessing the InvestEU guarantee program, the local unit of Belgium's KBC said on Wednesday, according to a report by state news wire MTI.

The guarantee program aims to support competitiveness, sustainability, innovation, and digitalization investments by SMEs, boosting job creation.

K&H expects the InvestEU scheme to support outlays of HUF 64.2 billion to SMEs and around HUF 20 bln to big companies over the next two years. 

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