Loan guarantee for 189 billion HUF in 6 months

The Garantiqa Loan Guarantee Ltd. reported assuming guarantee for 15,532 contracts amounting to 189 billion HUF on the loans of small and medium enterprises (SME) in the first half of the year.

The number of contracts and the value of the guarantees both grew 11 percent in the first half of the year. As the  result of the measures by the increasing number of contracts compared to the last year's 35 billion HUF, in the first half of this year, 52 billion forints large individual loans were guaranteed by the company itself. Despite this, the banks continue to ask the contribution of Garantiqa in the loaning of microenterprises. involved, The 77 percent of contracts made this year covers a value of 80 billion forints guarantee – reports MTI.