MFB is still lending – with positive changes

By: trademagazin Date: 2009. 07. 22. 00:24

The Hungarian Development Bank (MFB) has changed the financing of agricultural enterprises in three points. So far, more than 400 businesses get 19 billion HUF credit which was enough to implement with nearly 40 billion HUF investment.

The loan can be claimed by businesses realizing an investment in the sector. The amount is between 5 million HUF and 1 billion HUF for15-year maturities, with an interest rate which is currently 5 percent. The MFB has announced that it will simplify the financing of additional applications, as well as expanding the range of food bank recipients. In addition, the bank extended the loan for working capital loan current-use limits – reports Piac & Profit.