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M�V to receive Ft 58 bln loan

Five banks will together grant a Ft 58.5 billion loan to Hungaria Railways (MÁV) ZRt, MÁV announced. The sum is to spent on MÁV's operations.

The bulk of the loan will be financed by Raiffeisen Bank Rt that is to give Ft 28.5 billion; other participants are K&H Bank, Takarékbank Rt, Inter-Európa Bank Rt and KDB Bank Rt.

The banks involved each received a government guarantee for the loan.

(BBJ 19.xii.05)

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