K&H: 9.6 billion forints guarantee for the innovative investments of the SMEs
K&H Bank has concluded an InnovFin portfolio guarantee agreement with the European Investment Fund (EIF) in a value of 9.6 billion forints (about 30 million euros) to help small and medium-sized enterprises (SMEs) to get access credit for their large-scale innovative investments – the bank told MTI.
The portfolio guarantee is available for leasing and loan transactions. The Guarantee Facility provides a 50 percent guarantee for funding up to a maximum of 2.4 billion forints, with a maturity of 1 to 10 years. (MTI)
Related news
K&H: we don’t have much time left to reach the 55 percent reduction
The Hungarian economy still has 6 years to reach the…
Read more >Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >Carefree consumers? Considerable differences in the middle-aged camp
Although inflation receded, the income of middle-aged people did not…
Read more >Related news
The quarterly results of the SZÉP card confirm the entrepreneurs’ proposal
According to the announcement issued by the Ministry of National…
Read more >Fish production in Hungary: the industry is struggling with a growing labor shortage
Despite low feed prices and good water levels, the Hungarian…
Read more >Artificial intelligence in winemaking: new technology is changing the way wine is made
Artificial intelligence is revolutionizing American winemaking, enabling remote monitoring of…
Read more >