Eximbank provides partial security for the repayment of loans granted by commercial banks for the purpose of financing domestic investments and working capital to improve the international competitiveness of companies domiciled in Hungary.
Beneficiary: The commercial bank granting credit to the customers, which is also the party that requests the guarantee from Eximbank.
Commercial bank’s customer: Hungarian-domiciled companies typically in the medium-sized to large corporation category, financed by the commercial bank, that are (i) implementing an investment or capital project and/or (ii) require extra working capital in the interest of boosting international competitiveness, and which feature as the applicant in the contract for issuance of the guarantee.
Extent of the guarantee: Depending on the commercial bank’s requirement and the risk of the financed transaction, usually 50%, but no more than 80% of the principal amount of the guaranteed loan.
Currency of guarantee: HUF, EUR, USD.
Expiry of the guarantee: The final maturity of the loan secured with the guarantee + 15 days.
Types of guarantee:
loan guarantee: secured with a state suretyship under the guarantee programme (on the basis of framework agreements concluded with commercial banks),
loan guarantee: individual, other loan guarantee provided with a state payment guarantee.
Clients excluded from financing: As specified in Annex 1/A of the Eximbank Business Regulations (“CLIENTS EXCLUDED FROM FINANCING”).
Transactions excluded from financing: As specified in Annex 2 of the Eximbank Business Regulations (“TRANSACTIONS EXCLUDED FROM FINANCING”).
Securities: The securities for the guarantee are determined on the basis of an individual assessment, on the understanding that typically the securities stipulated by the beneficiary commercial bank are shared. Securities may include, for example, a pledge on receivables, mortgage on property, pledge on current assets, collateral deposit, corporate guarantee, payment guarantee, pledge on shares, etc.
For the detailed terms of the facilities and loan guarantees available for boosting competitiveness, please enquire at the commercial banks.
|Hiteligénylő vállalkozás mérete és a hitel devizaneme||Ügyfélkamat|
|1. év||2-3. év||4-6. év|
|HUF forgóeszköz 720 M alatt||0,10%||0,10%|
|* 2020. január 1-re jegyzett 12 havi USD LIBOR|