OTP Leasing launches funding in Swiss francs

OTP Leasing is preparing to launch funding in Swiss francs in September, a rather unexplored segment for leasing companies, although for banks, loans in this currency have already become a common feature. The majority of leasing firms grant funding in euros, whilst the only player that offers Swiss francs is Porsche Leasing, which entered this niche last summer. OTP Leasing is thus walking in the footsteps of the parent bank, OTP Bank being the first credit institution on the local market to grant loans in Swiss francs, as of 2005. A lot of banks have since launched such products including Raiffeisen, Piraeus, Banca Romaneasca, Millennium, Volksbank and Porsche Bank. According to NBR data, at the end of May, the volume of non-government loans in exotic currencies, i.e. Swiss francs and Japanese yen reached a sum equivalent to 2.6 billion euros.