Budapest Bank: the Growth Loan Program can really accelerate

The Credit Growth Programme (NHP) of the central bank characterized the corporate credit market in the first half of 2014, despite the companies’ interest was a bit low in the second phase of the program.

According to Budapest Bank, in the coming months an increased interest is expected among the small and medium-sized enterprises (SMEs) towards low-interest loans. The Bank Group has concluded a contract in a value of 28 billion HUF in the second phase of the NHP. Thus the banking group placed 16.5% of the entire NHP2 sources since November, so in addition to market share, contributed outstandingly to the development of the SME sector.