OTP to finance the KITE Zrt. with huge amounts

The OTP Bank will provide funds worth more than ten billion forints to the Nádudvar-based KITE Zrt. The bank has a 46.86 percent minority shareholding in the company – agrarszektor.hu wrote.

The financial institution bases the lending on the strategic partnership agreement, which was concluded in 2013 with the largest domestic agricultural integrator, the KITE Zrt. This year, five banks will provide a total of 50 billion HUF credit to the company, to finance the company’s integrated producer partners. (agrarszektor.hu)