News

New Széchenyi Counter-guarantee Programme

As we have advised our esteemed Partners before the conditions of the state counter-guarantee to the surety guarantees undertaken by Garantiqa Creditguarantee Co. Ltd. have changed. According to the Act CLXIX. of 2010 on the Budget of the Republic of Hungary for the Year 2011 there will be no state counter-guarantee behind our surety guarantees to the investment loans of SMEs as from the 1st of April, 2011.

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A new document to be used by the Monitoring and Crisis Management Unit

According to the Business Regulations of Garantiqa Creditguarantee Co. Ltd. as well as to the surety guarantee contracts the financial institution must inform the guarantor on all circumstances that might have material effect on the contractual commitments within 30 days from the date such information becomes known to it.

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