“Credit sources have never been so copious for companies before as this year” Péter Hodina, Chief of Customer Relations Directorate of K&H Bank, said. In his view, loan usage would be determined by how companies extend their activities to boost internal and external markets. Hodina is concerned about the crucial effect of loans, as 5% increase in corporate loans would result in 2% GDP growth.
K&H press release states that interest drop has affected corporate credit market, however the effect is insignificant. First stage of funding for growth scheme has broken the deadlock of credit market and led to boost.
Available amount corporate loans has reached HUF 6700 billion extended with 2000 billion by the growth scheme. Hodina says that given these measures, the available money for development and growth cannot be an obstacle for the companies but capacity. According to the CR Chief, the companies who possess idle capacity would not apply for a loan as they have no reason for expansion and development.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
