Board Approval Date | Project | Project
Cost* | IFC
Financing* | Project
Description |
| Jun-06 | Children's Local School Lighting and Heating Renovations Program | 125.0 | 122.3 | Guarantee to the Risk Sharing Facility with OTP Bank of Hungary to support up to US$250 million local currency equivalent in energy efficiency improvement loans for municipal schools in Hungary. |
| Mar-03 | Axon Loan | 5.1 | 5.1 | Investment in Axon to support its growth and the financing of SMEs. |
| Feb-01 | HEECP2 | 70.0 | 12.0 | Investment in IFC/GEF Hungary Energy Efficiency Co-Finance Program to facilitate the program’s expansion. The project includes a partial IFC guarantee and a TA component. |
| Aug-99 | ESCO Hungary | 9.0 | 3.0 | Support to an energy services company to provide energy efficiency-related services, turnkey projects, and project financing for private sector businesses and public sector entities. |
| Jun-98 | Axon Leasing | 4.6 | 1.1 | Investment in an independent equipment leasing company. |
| Jan-97 | ERU Hungaria | 7.4 | 2.5 | Modernization and expansion of a dairy producer |
| Nov-95 | Inter-Europa Bank I | 15.0 | 10.0 | Credit line for on-lending to Hungarian medium enterprises. |
| Jun-95 | MATAV | 940.0 | 50.0 | Capital expenditure program involving the installation of 620,000 additional lines & modernization/expansion of the
telecommunications infrastructure. |
| Feb-95 | PEF-Hungary | 15.0 | 2.5 | Establishment of a private equity fund to invest in medium-size companies. |
| Jun-94 | Westel 900 | 160.0 | 39.0 | Development, installation, and operation of a nationwide digital cellular network. |
| Mar-94 | Albadomu Malata | 19.9 | 6.8 | Construction of a malt plant. |
| Dec-93 | Mirelite | 20.5 | 9.0 | Financing for the construction of a food processing plant. Privatization of a cold storage/frozen foods company. |
| Nov-93 | MATAV | 341.1 | 30.0 | Privatization and implementation of development program for a nationwide telecom network. |
| Nov-93 | Papatel | 14.4 | 3.7 | Construction and operation of a local telephone network. |
| Mar-92 | Westel | 82.0 | 15.0 | Development of a nationwide cellular telephone system as a joint venture between a Hungarian telecom company and US West. |
| Oct-91 | Euroventures Hungary B.V. | 19.4 | 2.7 | Establishment of a private equity fund to invest in medium-size companies. |
| Sep-91 | Unicbank | 10.0 | 10.0 | An on-lending facility targeted at export-oriented projects. |
| Jul-91 | Glass Wool III | 2.0 | 0.5 | Exercise of pre-emptive rights to company shares. |
| Apr-91 | Magyar Suzuki | 234.9 | 34.7 | Establishment of a joint venture auto manufacturer. |
| Dec-90 | Budapest Bank | 27.0 | 26.1 | Establishment of an on-lending facility to lend to small and medium enterprises and cooperatives. |
| Dec-90 | Nomura Magyar Befektetesi | 16.0 | 1.6 | Support to Hungary’s first investment bank, offering a full range of services for domestic enterprises as well as asset management services for companies and institutions. |
| Jul-89 | First Hungary Fund | 80.0 | 7.5 | Structuring, financing, and placement of the first international fund to invest in private equities in small and medium-size projects. |
| Jun-89 | Dexter Mold 1 | 11.8 | 3.4 | Technological upgrade of an existing producer of high-quality molds for the plastics processing industry. |
| May-89 | Glass Wool II | 1.0 | 0.1 | Acquisition of shares under the company’s rights issue. |
| Mar-89 | TetraPak Hungary | 48.0 | 8.9 | Establishment of a joint-venture to build a packaging materials plant. |
| May-88 | Dunastyr | 78.7 | 17.8 | Establishment of two plants to produce polystyrene. |
| Jun-87 | Glass Wool | 20.4 | 4.8 | Establishment of a joint venture to produce glass wool products for home and industry insulation purposes. |
| Jan-87 | Lysine | 45.0 | 11.3 | Construction of a plant to produce L-Lysine, one of essential proteins used in feed supplements. |
| Sep-86 | Unicbank | 20.0 | 3.1 | Establishment of a multi-purpose commercial bank to provide a broad range of banking and other financial services to Hungarian enterprises. |
