Hungarian Export-Import Bank Ltd. signed letters of intent with thirteen financial institutions on Wednesday morning at the Hungarian Academy of Sciences. At the signing ceremony of the Domestic Working Capital Loan Refinancing Credit Line now renewed under the Jövő Exportőre Alhitelprogram (Exporter of the Future Sub-credit Program) minister of foreign affairs and trade Péter Szijjártó, and operational deputy CEO of EXIM Dr. József Dancsó signed framework agreements worth a total of 84 million EUR, and 77 billion HUF with domestic financial institutions. The funds will be available as a subsidised funding alternative combined with simplified administrative processes to benefit primarily SMEs planning to engage in export.
The African Trade Insurance Agency (ATI) and the government of Kenya co-hosted the Berne Union Annual Spring Meeting in Kilifi, Kenya, between 18 and 22 March 2018. The delegation of EXIM Bank, headed by Deputy Chief Executive Officer Dr. Dancsó József, participated at the Berne Union MLT Committee, ST Committee programs, and the plenary meeting. EXIM Bank signed the revised version of the 2003 MOU.
Fostering Hungary’s competitiveness and job creation, the European Investment Bank (EIB) has provided a EUR 400m loan to Magyar Export-Import Bank (Eximbank). The funds from this EIB credit line will be on-lent on favourable terms by Eximbank and its partner banks to small and medium-sized enterprises (SMEs) and midcaps in Hungary.