MFB Hungarian Development Bank and Eximbank Zrt. are launching two programs, each worth HUF 100 billion (EUR 250 million). The programs start in early January 2023.
MFB’s liquidity program to save factories provides sureties or guarantees for a wide variety of loan structures. MFB provides guarantees for companies with at least 50 employees and a net annual turnover of at least HUF 4 billion (approx. EUR 10 million).
Eximbank’s factory rescue investment program aims to help secure investments in energy efficiency and renewable energy with state-backed, fixed-rate loans. The interest rate should be limited to a maximum of 3.5% in the case of euro loans and to a maximum of 5% in the case of forint loans.
The two programs complement the first rescue program to save the factories, the HUF 150 billion (EUR 375 million) of which was drawn down in less than 20 minutes.