Banks Have Provided Almost €800 Million Worth of Loans as Part of SIH Anti-Corona Guarantees
Bratislava, March 9, 2021 (TASR) – The Slovak Investment Holding Anti-Corona Guarantee 2 (SIHAZ 2) succeeds a previous scheme of the same name (SIHAZ 1) that encourages several commercial banks to provide business loans safeguarded by the state-run holding. The total number of banks participating in SIHAZ 1 was eight; in the case of SIHAZ 2, it was 11. In other words, almost all commercial banks in Slovakia that specialize in funding small and medium-sized enterprises (SMEs) have participated in the scheme.
Based on Anti-Corona Guarantees provided by the SIH, the banks subsequently extend favourable-term loans to SMEs, helping them overcome negative effects of the ongoing coronavirus pandemic. Thanks to SIHAZ 1, the banks provided 2,393 loans in the total amount of €343.6 million; during the SIHAZ 2 stage, they have provided 5,648 loans in the total amount of €438.4 million.