Rural Credit Guarantee Foundation provides 6pc less in guarantees in 2009

The number of guarantees AVHGA signed for rose 6pc to 2,651. The foundation extended the maturity of HUF 10.5bn guarantees on around HUF 18bn loans for more than 350 clients, Ms Ulrich said. AVHGA was set up as part of the Phare programme in 1991.

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