Minister of Agriculture: the Agri Széchenyi Card gives agricultural enterprises security

The Agri Széchenyi Card (ASZK) overdraft provides sufficient security for agricultural businesses – Nagy István, Minister of Agriculture stressed at a press conference on Monday in Budapest.

He noted that due to the special risks – weather anomalies and animal diseases – especially for smaller businesses, the predictably available working capital loan facility has particular importance and also noted that the loan portfolio of agricultural enterprises has been growing steadily since 2013, at the end of last year it was about 623 billion forints, one and a half times higher than in 2010. (MTI)