MORE: Hungary Central Bank Raises Funding for Growth Plan by 50%

Monetary Council decides central bank will offer HF750b in interest-free funds to commercial lenders vs HF500b initially under Funding for Growth plan, central bank President Gyorgy Matolcsy says at press conference.

  • Central bank to offer HF425b in funds for SME lending vs HF250b previously: Matolcsy
  • Interest-free funds for SME FX loan conversion raised to HF325b from HF250b: Matolcsy
  • Commercial banks bid for 3 times the initial offered amount of HF500 bln, with 9 out of 10 banks taking part in plan: Matolcsy
  • Funding for Growth plan to trigger “turnaround” in SME

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