Hungary’s OTP Bank plans to increase its Ukraine loan portfolio by one third to almost $1.5 billion by the end of 2020

Hungary’s OTP Bank plans to increase its Ukraine loan portfolio by one third to almost $1.5 billion by the end of 2020, Tamas Hak-Kovacs, chairman of the bank’s Ukraine unit, tells Interfax-Ukraine. He said: “If we compare Ukrainian and Hungarian banks in terms of the number of branches and employees, Hungarian loan portfolios are five to six times larger than Ukrainian.” He said the bank is expanding into farm loans, consumer credit and car loans.