This year marks the 10th anniversary of OTP Leasing on the Romanian market. The company celebrates this moment with a portfolio extension dedicated to the local businesses: Agri Leasing, Fast Leasing, and Trucks leasing.
The first product is dedicated to the agricultural domain - Agri Leasing - and offers the local producers important cost optimizations and the possibility to pay seasonal installments. The second launched product - Fast Leasing - is specially designed for small and medium enterprises (SMEs), affording them effortless access to financing. Fast Leasing is a swift approval product for auto financing that allows an instant pre-approval. The third new product, Trucks Leasing, is designed notably for auto transporters. The product is optimized to support these type of business to buy new and secondhand trucks.
"Celebrating 10 years on the Romanian market is for us both a moment of evaluation and a moment of consolidation of the new development directions. We constantly strive to innovate in order to support the local entrepreneurs. From a strategic point of view, we are focusing on the mid and long term on the agricultural sector and SMEs, aiming for a market share of 5%", outlined Toni Tataru, CEO OTP Leasing.
OTP Leasing has gained in the last year an approximatively 50% increase in the number of financing contracts compared with the previous period, the company's clients being both large corporations and SMEs. The majority of the contracts finance equipment leasing. Taking all these into consideration, the OTP Leasing is seeking to develop products tailored for the current business environment and requirements.
Developing a competitive product portfolio for OTP Leasing clients translates into fast and flexible business solutions, adapted to both SMEs, and large corporations.
The new strategical direction means an important step in consolidating the OTP Leasing team. Currently, the team consists of highly experienced members, with more than 10 years working in the field of financial leasing and who have been active in the industry both during the economical boom and financial crisis. This type of expertise gives to OTP Leasing clients the certainty that they will benefit from the best approach in tailoring their financial offer in order to meet their expansion objectives.
OTP Leasing is founded in 2007 and is part of OTP Bank Group, the majority shareholders being OTP Bank Romania and Merkantil Bank Hungary (part of Merkantil Hungary). OTP Leasing offers a diverse financial leasing portfolio for local business including leasing for cars, commercial vehicles, equipment.
OTP Bank Romania is the subsidiary of OTP Bank, at the same time being the member of the largest Central and Eastern European banking group – a financial service provider operating from integrated and own funds. Its presence in Romania dates back to 2004. At present, it is the eleventh largest bank in the country. Its activity is characterized by a sense of responsibility, commitment and high professionalism. Keeping in mind its customers' needs and the current market situation, OTP Bank Romania is a reliable partner in the area of financial services. The last time OTP Bank Romania acquired a financial institution was in 2014, namely the Millennium Bank.
OTP Bank offers universal financial services to almost 13 million customers in nine countries through its network of roughly 1,300 branches, ATM network and electronic channels.