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Diákhitel signs for HUF 2.5 bln credit from Budapest Bank

Hungarian student loan provider Diákhitel Központ on Thursday said it signed a contract with Budapest Bank for HUF 2.5 billion of revolving stand-by credit to finance its lending activities.

The credit runs from September 12, 2011 until September 11, 2012.

Budapest Bank won the contract, signed on September 12, in a public procurement procedure.