Various services provided by EXIM Hungary to help Hungarian export companies enter new markets
“Hungarian export companies can be the most successful if they also seek new markets outside the European Union. However, they need help to do that.” – said Gergely Jákli, CEO, Chairman of the Board of Directors at EXIM Hungary in an interview with Világgazdaság, the Hungarian daily newspaper.
The total volume of new loans granted by EXIM Hungary in 2020 amounted to HUF 467 billion and nearly HUF 300 billion in the first half of 2021. The lending boom is mainly due to the popularity of the EXIM Compensation Loan Protection Program within the framework of which loans in the value of over HUF 500 billion have been granted by EXIM Hungary so far. In addition, the Spin Up Investment Loan was launched in the spring of 2021 with the aim to help the SME sector achieve competitive advantage by extending their capacity and improving their efficiency. The amount of loan applications accepted in the programme is nearly HUF 30 billion.
“While in 2016 EXIM Hungary had exposures in 31 foreign countries, last year the number of these countries amounted to 63.” – highlighted Gergely Jákli in the interview and added: “It is important that Hungarian enterprises should diversify and also seek market opportunities outside the EU.”
Gergely Jákli highlighted two of EXIM’s new facilities, the programme facilitating outward foreign direct investment and the Green Financing Programme: “As our credit guarantee facility, a programme promoting OFDI has also been launched, we are able to provide guarantee and loan repayment coverage for business acquisitions of Hungarian companies abroad and thereby accelerate their establishment there. In today’s world everyone should strive at improving their energy efficiency, their ecological footprint when making investment decisions. The aim of our Green Financing Programme is exactly this; we would like to convince small enterprises that their investments should meet sustainable development goals.”
The full text of the interview is available here: vg.hu