The MNB said earlier that it would allow lenders who use cheap funding from the schemes to add guarantee fees in addition to a 2.5% lending margin limit. “This step – while raising financing costs just a bit – will allow a number of micro- and small businesses access to credit available under the program,” the MNB said.
The central bank also extended the deadline to call down FGS and FGS+ credit until the end of 2016 to allow financing for “large-volume investments that require more time to implement”. The MNB broadened eligibility for FGS and FGS+ credit to the construction of residential property that has at least an “A” energy efficiency rating. The changes are to take effect from May 10, 2015.