“In recent years, the objectives of Romanian farmers have reached a common denominator and they now know how to draft a solid business plan, their level of financial education has increased and they are ever more aware of the need for investment and increased competitiveness,” said Roxana Hidan, head of OTP Bank Romania division for financing SMEs.
OTP Bank’s gross loan portfolio totaled RON8.4 billion at the end of 2018, up 4% compared with 2017. Retail loans totaled RON5.8 billion, while corporate financing stood at RON2.6 billion.
OTP Bank Romania had a net profit of RON55.3 million in 2018, up 25% on the year.