OTP aims for 20% of farm financing market by 2020

Analysis

Photo by Jessica Fejos

OTP Bank aims to boost its share of the farm financing market to 20% by 2020, Chairman-CEO Sándor Csányi said at an event organized by the lender today, Hungarian news agency MTI reported.

At present, the bankʼs share of the market is over 18%, Csányi noted. OTPʼs stock of farm loans has more than doubled in the last five years, he added. 

OTP wants to make access to credit easier for farmers who win European Union funding, and wants to pay more attention to smallholders, Csányi said.

ADVERTISEMENT

Pallas Athene Foundation Assets Rise Close to HUF 282 bln Figures

Pallas Athene Foundation Assets Rise Close to HUF 282 bln

Gov't to Launch HUF 700 bln Business Credit Scheme  Government

Gov't to Launch HUF 700 bln Business Credit Scheme 

Duna House Boosts Stake in Italian Peer Residential

Duna House Boosts Stake in Italian Peer

Avatar: The Way of Water Breaks Box Office Record in Hungary Art

Avatar: The Way of Water Breaks Box Office Record in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.