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MFB makes HUF 1.7 tln of new financing in 2020

Banking

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The state-owned Hungarian Development Bank (MFB) and its affiliates have committed more than HUF 1.7 trillion of new financing in 2020, MFB said in a statement, according to origo.hu.

The new financing commitments could contribute some 0.8% to GDP, MFB said. In response to the coronavirus pandemic, the MFB Group has developed in a short time a package covering its entire financing portfolio, offering credit, equity and guarantee solutions for companies' development and liquidity needs, MFB said.

Its new liabilities on loans, including EU loans, has exceeded HUF 800 billion in 2020, and the bank says it is prepared to maintain this dynamic in the years to come.

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