Politics

MNB Replaces Hungarian Banking Industry

Published: December 14, 2013; 19:55 · (Vindobona)

In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.

MNB Replaces Hungarian Banking Industry / Picture: © Flickr

This year, MBN has decided to provide € 10bn of interest-free loans to commercial lenders. According to the Hungarian government, this measure will help particularly small and medium-sized enterprises. According to Finance Minister György Matolcsy, most new loans will finance new investments. As a result, Matolcsy is optimistic that the easing program will show first positive results…

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MNB Replaces Hungarian Banking Industry

In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.