Are you sure?

Takarékbank to open project-financing credit line to RFV

Hungarian energy-saving company RFV agreed with Hungarian bank Takarékbank on a HUF 750-million credit line, RFV said.

RFV plans to use the credit line to partly finance projects it carried out from its own resources, without involving loans in the course of last year.

The bank's management had approved the credit line and the contract is expected to be signed in March, the company said.

According to its latest unaudited figures, RFV generated net profit of HUF 495 million on sales of HUF 2.28 billion in the first three quarters of 2009. Net profit rose 62% and revenue rose 15% yr/yr. (MTI – Econews)