Release date: 25 June 2020
Promoter – Financial Intermediary
MAGYAR EXPORT-IMPORT BANK ZRTLocation
Description
The project consists of a credit line to support SMEs and midcaps affected by the COVID-19 crisis in Hungary.
Objectives
The aim is to enhance access to short-term finance for the target beneficiaries to mitigate the negative economic impact of the COVID-19 crisis, as well as support eligible investments.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 12/11/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).