Resources and intentions are given for offering lending solutions to small enterprises

The SME sector is made up of many different types of businesses, which have various financing demands. Tibor Csonka, the head of OTP Bank’s Micro and Small Enterprise division told our magazine that the directorate of the division keeps monitoring and analysing economic processes and they also keep an eye on the financial, economic and market environment of their customers. Based on these activities, OTP Bank’s Micro and Small Enterprise division tailors its offers to micro and small enterprises needs. It is of crucial importance for businesses on the FMCG market to maintain their cash flow. They also implement a high number of financial transactions, which means that the costs of these really matter to them. OTP Bank takes all these aspects into consideration when creating account packages for the sector. OTP Bank kept lending to these enterprises during the recession and established a network of contact persons, with the help of which businesses have access to financial advices as well. Current account loans are the best options for FMCG businesses and it is also good news for them that the bank speeded up its loan eligibility assessment: it does not take more than 5 working days to decide on an application. Even those businesses can apply for current account loans who are not the bank’s customers yet. OTP Bank cooperates with guarantee organisations and takes part in state-financed lending programmes to be able to help underfinanced businesses. OTP Bank can and is willing to lend: the market contracted by 20 percent last year but OTP Bank granted 10 percent more loans than a year earlier.