The OTP Bank would increase its market share in agricultural fundings to 20 percent by 2020

The OTP Bank would increase its market share from the current 16-17 percent to 20 percent in agricultural fundings until 2020 – Szabó István OTP’s Deputy Managing Director of the agricultural board of directors said on Tuesday in Budapest at the bank's national partner meeting.

Szabó István added that the growth is continuous: last year, the loan growth was close to 8 percent.

OTP Bank prefers to finance crop production, but pig production financing is also significant. 80 percent of agri funding is agriculture and 20 percent is food industry, while OTP would like to increase the ratio of food industrial fundings – he added. (MTI)