EXIM: the Gábor Baross Loan Program is successfully closed

By: Trademagazin Date: 2024. 06. 13. 11:10

The Gábor Baross Loan Program has been successfully concluded, EXIM Hungary has signed contracts for 100 percent of the HUF 200 billion additional funds provided at the beginning of the year, the export credit agency announced to MTI on Thursday.

According to the announcement, 928 contracts were created using the surplus funds, of which 114 investment loan contracts with a total value of nearly HUF 165 billion, and 814 leasing contracts with a total value of nearly HUF 40 billion. Disbursements have already taken place in 47 percent of the transactions. 48 percent of the funds go to actors in the domestic SME sector.

With the additional resources of 200 billion, through EXIM Hungary, domestic companies could get a loan with an interest rate of up to 5 percent in forints and up to 3 percent in euros, with a maximum term of ten years, under even more favorable conditions than before. Companies operating in the food industry, construction industry, telecommunications, pharmaceutical production, tourism and catering, automotive industry, and logistics could apply for the loan program. The loan applications submitted for the program, which reopened on January 15, already covered the budget by mid-February.