Széchenyi Card 2 launched

By: trademagazin Date: 2008. 06. 27. 08:00

The two year Széchenyi Card 2 was launched by KA-VOSZ ZRt in co-operation with its partner banks, Hitelgarancia ZRt, and the Ministry of Economy and Development on 2. June. This card is intended for SME-s as a source of financing with preferential conditions. Credit conditions have become much more favourable compared to the previous version of the Széchenyi card. All enterprises which have been in business for at least two years can now apply for amounts of up to HUF 25 million. The government provides a 1 per cent interest subsidy and bears 50 per cent of the cost of bank guarantees.

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