EBRD Shores Up Hungarian SMEs

The European Bank for Reconstruction and Development will lend 100 million euros (US$139 million) to scale up lending activities for small and medium firms in Hungary. The funding, according to

, will be used to provide as much as 1.5 million euros in subloans to Hungarian SMEs. Erste Bank Hungary will administer the EBRD loan.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.