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€100 mln Hungarian-Japanese capital fund established

The Hungarian Development Bank (MFB) and Japan's SBI Holdings signed an agreement on Monday to set up an €100 million capital fund.

MFB Chairman János Erős said the fund will focus on financing SMEs with investments of €5 million - €7 million, thus improving the capital-financing possibilities of the sector. MFB owns 40% of the fund, while SBI Holdings owns 60%.

National Development and Economy Minister Gordon Bajnai said this agreement shows that there are foreign investors who have confidence in Hungary and the region and are willing to invest capital at a time when it is possible to purchase stakes in companies at a reasonable price. (MTI – Econews)