EXIM signs MoU with 13 lenders

MNB

Magyar Eximbank and its credit insurance arm, which operate under the moniker EXIM, signed a memorandum of understanding (MoU) with the heads of thirteen local lenders on Thursday, state news wire MTI reported.

EXIM also signed a framework agreement on providing the lenders with EUR 84 million and HUF 77 billion in financing.

EXIM refinanced a total of HUF 1.114 trillion of credit for Hungarian exporters in the period between 2014 and 2017, Minister of Foreign Affairs and Trade Péter Szijjártó said at the signing. SMEs account for about 83% of EXIMʼs clients, most of whom get refinanced credit through their own banks, he added.  

Last year, EXIM signed contracts on HUF 260 bln in refinancing, said Deputy CEO József Dancsó. EXIMʼs stock of refinanced loans rose 3% to HUF 581 bln, he added.

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.