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    Reference: 20200450
    Release date: 25 June 2020

    Promoter – Financial Intermediary

    MAGYAR EXPORT-IMPORT BANK ZRT

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Hungary Credit lines