MFB offers loan guarantees to support economic recovery
MTI – Econews
Tuesday March 2, 2021, 4:00 p.m.
The state-owned Hungarian Development Bank (MFB) on Tuesday announced the launch of credit guarantees it is deploying as part of the government’s economic stimulus plan, according to a report by the state-owned MTI newswire. .
MFB will provide guarantees of up to 80% on loans taken out under the growth finance program of the National Bank of Hungary Go! and its growth bond financing program as well as commercial lender loans.
The state will support guarantees up to 90%.
The MFB will decide on the scale of guarantees and fees on a case-by-case basis.
Guarantees are available for project loans, investment loans, working capital loans, pre-finance grant loans, refinancing loans, financial asset loans, and acquisition loans.
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