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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.

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