Continued interest: Another HUF 100 billion in funding for EXIM Hungary’s products under the Sándor Demján Program

In response to extremely high demand from businesses, EXIM Hungary is increasing the total budget for products previously announced in the Sándor Demján Program by an additional HUF 100 billion to HUF 700 billion, as of November 20. This means that Hungarian companies can continue to apply for a number of preferential EXIM schemes launched as part of the program, which will enable them to achieve their investment, green investment and leasing goals.

More than 2,300 applications have been received for the schemes launched in January, completely exhausting the HUF 600 billion budget available thus far. The contracted portfolio in the program already exceeds HUF 482 billion, meaning that more than 80% of the available budget has been committed to domestic companies that are entering export markets or increasing their export activity. The volume disbursed exceeds HUF 285 billion, which means that nearly half of the total amount has already flowed into the economy. Investment loans are the most popular among companies, accounting for 48% of the total transaction volume, while working capital loans represent 41% and leasing products 11%. In terms of number of transactions, however, 71% are leasing applications. Fifty-one percent of financing is in HUF, while 49 percent is Euro-based.

„Demand for the products of the Sándor Demján Program has been consistently high since its launch. Our products play a key role in developing domestic SMEs and in boosting the economy. This is clearly reflected in the sectoral distribution: based on the value of transactions, 26 percent of applications relate to manufacturing, 24 percent to construction and real estate development, 18 percent to commercial activities, and 12 percent to logistics. The increase in the budget will make an additional HUF 100 billion available, which we can use to continue supporting the development of businesses, increasing their competitiveness and promoting sustainable growth,” said Dr Adrienn Berta, CEO of EXIM Hungary.

The EXIM schemes announced under the Sándor Demján Program all have fixed interest rates, thus providing a predictable financing environment for businesses, from investments and green developments to foreign market expansion.

The Program was implemented as part of the New Economic Policy Action Plan, which effectively contributes to the revitalization of the Hungarian economy. Its goal is to increase the competitiveness of domestic micro-, small, and medium-sized enterprises, as well as large companies, to develop their export capabilities, and to support their sustainable investments.