AVGHA is now equivalent of banks

Starting from January this year, the Rural Credit Guarantee Foundation (AVHGA)is going to serve rural small-and medium-sized enterprises, as if it was a bank – Anikó Ulrich, Executive Director of the Foundation pointed out on Monday in Budapest at their press club event.

In this new status, the Foundation is equivalent with banks, and it is a favourable change to most enterprises. In most of the cases, their stock-requirements are judged and decided upon according to a more favourable system.