MNB Funding for Growth Scheme

MNB Funding for Growth Scheme

As an element of the monetary policy toolkit, the National Bank of Hungary (MNB) launched on 1 June 2013 its three-pillar Funding for Growth Scheme to alleviate disturbances in lending to SMEs, strengthen financial stability and reduce the external vulnerability of the country. In view of its success, the Monetary Council decided to continue the programme on 11 September 2013. The financial envelope for the second phase of the programme (FGS II, loan scheme) is HUF 1,000 billion, which the Monetary Council may increase up to HUF 2,000 billion considering the prevailing macroeconomic, lending and financial market conditions.

MNB Funding for Growth Scheme III

Available soon, and then it may be posted on the English language website.

MNB Funding for Growth Scheme Plus

As an element of the monetary policy toolkit, the National Bank of Hungary (MNB) launched on 1 June 2013 its three-pillar Funding for Growth Scheme to alleviate disturbances in lending to SMEs, strengthen financial stability and reduce the external vulnerability of the country. On 16 March 2015, the MNB launched the FGS+ scheme, also forming part of the monetary policy toolkit, for which the Monetary Council allocated HUF 500 billion.

Syndicate content