Are you looking for financing facilities for your enterprise? We are ready to visit you personally!

You can easily meet all of your financing requirements with CitiBusiness credits:

• you can bridge over your temporary resource gaps, or
• you can buy the machinery and equipment needed for the operation, or
• you can realise your long-planned investments.

With CitiBusiness credits you will have more time for the professional affairs of your enterprise!
With the expertise of our CitiBusiness Advisors you will find the most suitable solution for your enterprise.

CitiBusiness credits are easily available for you if your enterprise:

• has been registered in Hungary,
• is an economic association which has been operating in the form of a deposit partnership, a limited liability company or a shareholding company for at least 2 years.

Advantages of CitiBusiness crediting for your enterprise

The credit solvency of your enterprise shall be assessed only once a year,

• hereby saving your time and efforts! Following the credit rating you can decide which financing facilities you will choose for your enterprise in the short and/or long run.

Within the framework of personal consultancy

• Our CitiBusiness Advisors are pleased to assist you in choosing the most suitable funding sources.

Flexible credit drawing and repayment

• You can give orders in relation to drawings or repayment from your office or from home through Citibank Online and CitiPhone Banking (06-40-CITI24, 06-40-248424 blue number, weekdays between 8:00 a.m. and 17:00 p.m.).

Credit facilities also without security

• To the debit of the limit determined on the basis of the credit rating, you can draw certain types of credits up to a certain amount without security as well.

You can choose from the following credits according to your financing requirements:

We suggest you to draw the Stand-by credit first of all for managing the daily liquidity and for covering unexpected expenses since:

• hereby you can always meet unexpected trade payables and other financial obligations with certainty, even if the necessary amount is not available on your current account,
• you can draw the necessary amount from the stand-by credit line according to your requirements, or, you can refill the credit line according to your choice - if you have been paid by your customers,
• you can freely use your credit line for one year,
• It is worth for you: your enterprise will pay an interest only after the actually utilised credit sum.

We are at your disposal with overdraft credit for meeting your regular funding difficulties arising from the cyclical character of the sales and production activity of your enterprise.

You can ensure the necessary financial resources for your enterprise on the lon run with the variable-rate CitiBusiness Development Credit. Your enterprise remains competitive since:

• you can buy the real property where your enterprise is operating,
• you can realise your long-planned larger investments,
• you can modernise your existing machine and equipment park.

Within the framework of the CitiBusiness Crediting System you can receive bank guarantees as well, so that your enterprise

• can easily participate in tenders,
• can meet the contractual obligations towards its business partners,
• can strengthen its confidence in the business partners,
• if your enterprise applies for a foreign trade or fiscal guarantee, it is not necessary to tie up a coverage at VPOP (the Hungarian Customs and Finance Guard).

There is a wide range of bank guarantees available, your enterprise can apply for:

• payment guarantee
• performance guarantee and good performance guarantee
• advance repayment guarantee
• tender guarantee
• customs guarantee (e.g. common transit procedure guarantee)
• and for individual bank guarantees as well (Our Bank undertakes to negotiate the text of the guarantee with the beneficiary of the guarantee at single price.)

What is happening in the course of the credit rating process?

In the course of the first credit rating process you receive a CitiBusiness credit rating data sheet from our CitiBusiness Advisor. You are requested to submit the following documents needed for the credit rating:

1. The last two years' annual report of your enterprise with appendices (balance sheet, profit and loss statement, supplementary appendix, business report), auditor's report;
2. The whole trial balance of the previous year;
3. The most recent available interim trial balance (not older than 3 months) and the trial balance of the base period of the preceding year;
4. The last 3 months' statement of the bank account of the enterprise (copy);
5. Completed reference forms from your suppliers and customers;
6. The certified true copy of the up-to-date version of the Deed of Foundation or the Deed of Association of your enterprise;

You will be notified of the result of the credit rating by our CitiBusiness Advisor. In case of a positive decision your funding difficulties can be immediately solved. If your credit requirement is expected to present itself only later - but within 1 year following the credit rating process -, your credit application will be assessed by expedite procedure.