K&H: Large companies also suffer from high energy prices

Runaway energy prices also affect large companies. According to the results of the last quarter of 2022 of the K&H large company growth index, which examines the one-year expectations of companies with sales revenue of over HUF 2 billion, nearly half (48%) of large companies are adversely affected by the rise in energy prices, but only a few percent (4%) are threatened by the company’s operations. There is a similarly high proportion of those who only have a small influence on the company’s operation (44%).

“In addition to rising energy prices, the rapidly changing economic environment, the base interest rate, inflation and rising raw material prices all present challenges to large companies. However, the revival and growth of the economy is almost impossible without credit. In the current high interest rate environment, the constructions of the Gábor Baross Reindustrialization Loan Program, which was recently restarted and is already available at K&H, can be of great help to SMEs as well as to large companies. Current Asset and Investment Loans are available at a fixed interest rate of 6 percent for forint loans and 3.5 percent for euro loans until the end of the term. And the Green Investment Loan is even more favorable, with a fixed interest rate of a maximum of 5 percent per annum for a forint loan, and a maximum of 3 percent per annum for a euro loan.”

– stated Gábor Rajna, head of the K&H Corporate Clients division.