OTP Leasing targets 200m-euro funding
OTP Leasing, a company that launched operations in August last year, granted overall funding worth 36 million euros last year. 75% accounted for vehicle funding, 20% for trucks, and 5% for equipment. "We believe we will start to grant funding for real estate projects this month, with a focus on the residential segment," said Mircea Dihel, general manager of OTP Leasing
OTP Leasing, a company that launched operations in August last year, granted overall funding worth 36 million euros last year. 75% accounted for vehicle funding, 20% for trucks, and 5% for equipment. “We believe we will start to grant funding for real estate projects this month, with a focus on the residential segment,” said Mircea Dihel, general manager of OTP Leasing. By the end of 2008, the company plans to grant 200 million euros in funding, amid the expansion of its territorial network. By March, the company will operate branches in Constanta, Craiova, Brasov, Cluj, Oradea, Timisoara and Iasi. “OTP Leasing’s aim for 2008 is to be amongst the top seven largest leasing companies on the Romanian market,” says Dihel. Starting next month, OTP Leasing intends to introduce funding in Swiss Francs. The shareholders of OTP Leasing are Merkantil, the leasing company of the Hungarian-based group (70%) and OTP Bank Romania (30%).
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