ANNUAL REPORT 2011 - Magyar Fejlesztési Bank Zrt.

❙ 4. Loan programmes
residential buildings constructed using traditional technologies.
Both programmes seek to provide additional resources to
complement non-refundable support allocated in application
programs.
The Bank approved the disbursement of HUF 28.8 billion
in loans under the Panel Plus Loan Programme, which
corresponded to 96% utilisation up to 31 December 2010. To
continue financing energy savings by refurbishing residential
buildings constructed using industrialised technologies, the
Bank raised the facility by reallocating HUF 10 billion of the
resources of the Social Housing Loan Programme due to the
lower level of utilisation. The amount approved in loans stood
at HUF 30.3 billion on 31 December 2011, which the Bank
had used for financing HUF 71 billion worth of retail sector
investments designed to generate energy savings.
The Bank had accepted 903 applications and approved HUF
1347 million in loans under the Household Energy Saving Loan
Programme by December 2011, which corresponded to a year
on year increase by 7% of the loans disbursed in conjunction
with grants awarded in a related applications arrangement. The
loan programme was closed at the end of the year.
AGRICULTURAL FACILITIES
New Hungary Agricultural Development
Loan Programme
Operated since 2005, the first and second stages of the New
Hungary Agricultural Development Loan Programme provided
close to HUF 30 billion in development loans to 650 farming
enterprises which implemented HUF 65 billion worth of
investments using the loans. Agricultural enterprises embarking
on capital expenditure related to primary agricultural production
may apply for loans between HUF 1 million and 1 billion with
maturity up to 15 years. In order to achieve the highest efficiency
in utilising application funds, the rules of support related
financing were simplified in 2009 and large corporations were
also added to the scope of potential borrowers. As a result, 200
clients applied for HUF 9.5 billion worth of credit to supplement
awarded grants by 31 December 2011.
Working Capital Loans
Working Capital Loan Programme
for Producer Organisations
MFB launched its Working Capital Loan Programme for Producer
Organisations in December 2008 to make available preferential
working capital loans to producer organisations recognised with
final force and vegetable and fruit producer organisations with
preliminary recognition. MFB also extends loans via refinancing
the credit institutions that join the programme and via direct
financing arrangements. The Hungarian State extends guarantees
to cover 80% of the funds placed by MFB up to HUF 4 billion.
Altogether HUF 5.2 billion worth of credit had been approved in
32 transactions up to 31 December 2011. The average size of
approved deals reaches HUF 160 million with more than half
of the companies receiving loans above HUF 150 million. Loan
applications were received mostly from regions with a tradition in
producing fruit and vegetables (Southern Great Plain and
Northern Great Plain).
New Hungary Agricultural Working Capital
Loan Programme
Announced in March 2008, the New Hungary Agricultural
Working Capital Loan Programme disbursed close to HUF
38 MFB ANNUAL REPORT 2011