EXIM: applicants quickly grabbed the resources of the Gábor Baross Loan Program

By: Trademagazin Date: 2024. 02. 13. 10:44

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EXIM Hungary received so many applications from Hungarian companies in the Gábor Baross New Industrialization Loan Program, which was reopened on January 15, that it exhausted the loan program’s framework, which was increased by 200 billion forints in additional resources, EXIM Hungary announced in its announcement on Tuesday.

The financial institution announced: the applicant companies submitted a total of 150 loan applications for the loan products offered with even more favorable financing conditions than before to achieve their investment goals.

EXIM has approved 97 of the applications so far worth about HUF 135 billion. 36 percent of the approved applications came from small and medium-sized enterprises, in terms of sectoral distribution, 47.4 percent came from the manufacturing industry, mainly from Budapest, Pest, Bács-Kiskun and Fejér counties. 84 percent of the requests for the Gábor Baross Loan Program, which supports investments, are for euro-based loans.