Commercial lenders partner with Eximbank
Nine commercial lenders agreed with Eximbank on leasing packages available in the framework of its export-boosting credit program.
Eximbank CEO Roland Natran signed the agreement today with the heads of the banks (Budapest Bank, CIB Bank, Erste Bank, FHB Bank, K&H Bank, Merkantil Bank, MKB Bank, Raiffeisen Bank and UniCredit Bank), according to Hungarian news agency MTI.
The packages, ranging from two to five years, were announced in February and are available for amounts starting at €15,000. The credit carries a fixed rate, pegged to the OECD's benchmark, over its entire run.
Natran noted that a leasing refinancing agreement would raise the amount available under Eximbank's export-boosting credit programme by €181 mln over the €1 bln announced until now.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.