In parallel, the bank also granted a RON50 million funding to support VAT within the same project.
Exigent Property Investment is part of Exigent Development, a real estate developer owned by three Romanian entrepreneurs: Cornel Petrut Ion, Daniel Niculae and Francisca Elena Niculae.
Phase 5 of the project will include 1,288 apartments, over a 27,314-sqm area, and will have around 144,200 built square meters.
OTP bank contributed funds of over RON530 million to the funding of the previous phases of the same project.
(English version by Catalina Apostoiu)