One hundred million euro credit line to medium-sized businesses

Hungarian Development Bank Ltd. (MFB) and the European Investment Bank (EIB) signed an agreement of an amount of hundred million Euros credit line, to finance the projects of medium-sized businesses.

Hungarian Development Bank Ltd. can call the loan up into five installments, each with a minimum of 20 million in installments until 31 December 2010 and a maximum of three employees, businesses can claim for it. According to Szelényi György competent director of Hungarian Development Bank, the conditions are favorable than the market conditions. This was the sixth credit agreement between the Hungarian Development Bank and the European Investment Bank, but it is the first which will support medium-sized businesses – reports Népszabadság Online.