Budapest Bank taps FGS financing for almost HUF 100 bln of outlays

State-owned Budapest Bank has used cheap financing from the second phase of the National Bank of Hungaryʼs Funding for Growth Scheme (FGS) for almost HUF 100 bln of outlays, the lender said today.

The bank signed a total of 3,700 contracts for credit. About 60% of the loans were for investments.

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