There is a great deal of interest in the schemes announced by EXIM Hungary in the Demján Sándor Program
There is a high level of interest in the schemes announced by EXIM Hungary in the Demján Sándor Program: more than two-thirds of the product range’s expanded framework of 600 billion forints has already been exhausted, so approximately 186 billion forints of favorable financial resources are still available; applications are still open, and companies can continue to take advantage of the diverse financing opportunities – EXIM Hungary announced to MTI on Wednesday.
It was emphasized that the aim of the EXIM schemes is to increase the competitiveness of exporting and not yet exporting domestic enterprises, as well as to promote their sustainable development.
According to the announcement, EXIM Hungary has announced seven types of favorable financing schemes – credit and leasing products – in the Demján Sándor Program so far this year. There has been great interest in all of these since their launch, and as an example, the financial framework of the Future Exporters’ Working Capital Loan was exhausted in five days.
They pointed out that six more financing schemes can be applied for from EXIM’s financial partners: the Future Exporters Investment Loan, the Future Exporters Green Investment Loan, the Export Stimulating Investment Loan, the Export Stimulating Leasing, as well as the Future Exporters Leasing and the Future Exporters Investment Loan, with a financial framework of almost 186 billion forints. All of these have fixed interest rates and offer predictable conditions for businesses, and they can be used to achieve a variety of business goals, from investments to green developments to foreign market expansion.
They reported that there is a strong demand from businesses for favorable sources: 914 applications for products have been accepted so far, worth 414 billion forints.
They added that the Demján Sándor Program covers a wide range of corporate needs: 32 percent of applicants are related to the manufacturing industry, 25 percent to trade, and 17 percent to real estate transactions. 63 percent of the applications were received for forint-based and 37 percent for euro-based schemes. EXIM Hungary is continuously working on processing the applications and is cooperating with its financial partners to ensure a quick assessment.
The announcement quoted Berta Adrienne, CEO of EXIM Hungary, who said about the products launched in the Demján Sándor Program that companies are looking for and demanding targeted financing opportunities that increase competitiveness. Based on experience, after working capital financing to support operations, the Future Exporters Investment Loan was the most popular option among enterprises, with 34 percent of the accepted applications related to this scheme.
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