The decree has been published, the interest rate of the Agrár Széchenyi Card is reduced

By: Trademagazin Date: 2023. 09. 29. 11:16

Based on a government decree published overnight, the interest rate on the Agrár Széchenyi Card Current Account is reduced. In the case of current account credit lines of up to HUF 100 million, the interest rate will be a fixed 5 percent per year.

25/2023 of the Minister of Economic Development. (IX. 28.) On the basis of the GFM decree, the interest rate of the Agrár Széchenyi Kártya Overdraft is reduced. Agricultural enterprises with a current account credit limit of no more than HUF 100 million are entitled to conclude a contract at a fixed annual interest rate of 5 percent within 9 months of the entry into force of the amendment decree. (The change will take effect on September 29 – the day after the announcement – and the 9-month deadline starts from here.)

This decision did not come as a surprise, the Minister of Agriculture had already announced this step. You can read details about the announcement here.