OTP Bank first to offer certified corporate loans in Hungary
OTP Bank has become the first lender to offer corporate loans certified by the National Bank of Hungary (NBH), a statement released by the central bank and financial market watchdog on Monday shows.
Applications to certify corporate lending products submitted by another three big banks are being evaluated, the NBH said.
The NBH earlier announced the launch of certification for corporate lending products, following the precedent of its certification for “consumer-friendly” loans.
With the launch of the certification, based on an agreement with the Hungarian Banking Association, the NBH aims to support the availability of affordable, easily accessible investment credit for SMEs that meets unified, transparent conditions.
Read more news about OTP Bank on Daily News Hungary.
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