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OTP Bank to offer fixed exchange rate loan construction

OTP Bank will launch its own fixed exchange rate loan construction for borrowers with foreign currency-denominated loans as well as participating in the state's fixed exchange rate programme which starts Friday, OTP Bank deputy-CEO Istvan Gresa said at a press conference on Thursday.

The fixed exchange rates in OTP Bank's construction will be higher than those in the state programme, at HUF 200 to the Swiss franc, HUF 265 to the euro and HUF 220 to JPY 100, Mr Gresa said.

The fixed exchange rates in the state programme are HUF 180 to the Swiss franc, HUF 250 to the euro and HUF 200 to JPY 100.

OTP Bank is accepting applications for the construction until March 31, 2012.