MNB to amend Funding for Growth conditions
The National Bank of Hungary (MNB) announced that conditions of its Funding for Growth scheme will be amended as of May 1.
The amendments include extension of the maximum term of working capital loans provided under the scheme from one to three years, and the deadline for drawing on investment loans will be extended by six months.
The Funding for Growth scheme involves the National Bank of Hungary (MNB) providing 0% refinancing to banks, which must be relent to Hungary-based SMEs at a maximum interest rate of 2.5% APR.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.