Eximbank, Volksbank to aid Hungarian SMEs

25 January 2013

Eximbank and the Hungarian subsidiary of Volksbank signed a refinancing agreement in an effort to support small and medium-sized companies. The agreement was signed by Eximbank CEO Roland Natran and Magyarország CEO Axel Hummel. The two banks decided on a €10m credit line to support the export activities of SMEs. Volksbank said it will give five-year euro-denominated loans to SME exporters at preferential rates.

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