The shareholders of OTP Leasing Romania, OTP Bank Romania and Merkantil Bank Hungary, approved a capital increase of 5.52 million lei. The capital increase was made through additional cash contribution, fully paid in RON in the company’s main account opened with OTP Bank Romania.
The shareholders contributed to the capital increase, considering the own participation in the share capital, as follows: OTP Bank Romania S.A contributed with RON 3.312 million and Merkantil Bank Zrt with RON 2.208 million. This step consolidates the commitment of both shareholders to support OTP Leasing’s long-term development and confidence in the team’s ability to meet strategic objectives.
The company registered steady growth over the past two years. The current portfolio of OTP Leasing Romania values approximately RON 233 million lei, and according to internal estimates it will increase to RON 280 million by the end of 2018. Regarding the new leasing entries, OTP Leasing registered in the first 9 months of the year an increase of 91% (RON 146 million), compared to the same period of 2017.
“The robust results of the past two years reflect the team performance, investments in product portfolio development, digitization and the upward dynamics of the leasing sector. Growth is supported by new leasing products, customization for clients and reliable partnerships. On a medium-term, we aim to achieve the objective to be among the top 10 local leasing companies,” said Toni Ioan Tataru, CEO of OTP Leasing Romania.
OTP Leasing was established in 2007 and is part of OTP Bank, the majority shareholders being OTP Bank Romania and Merkantil Bank Hungary (part of Merkantil Hungary). OTP Leasing Romania offers to legal entities a wide range of financial leasing products for acquisition of cars, commercial vehicles and equipment. The company has branches in Bucharest, Iasi, Brasov, Timisoara and Cluj. OTP Leasing cooperates with companies throughout Romania.
OTP Bank Romania, a subsidiary of OTP Bank, the largest independent banking group in Central and Eastern Europe, is an integrated and self-financed provider of financial services. With an approach defined by responsibility, commitment and professionalism, OTP Bank Romania understands the needs of its clients and the current market context and is a reliable partner in providing financial services.
OTP Group offers high quality universal services to approximately 15 million customers in 9 countries through a network of approximately 1,400 units, ATM network and advanced electronic services. OTP Bank is the largest provider of financial services in Hungary and a very important player in the financial market in Central and Eastern Europe.
