Products

OTP Bank offers all traditional loans
(e.g. investment and working capital loans) to facilitate successful corporate operations.


Loans

OTP Bank and the Bank Group offer forint and foreign currency loans to help your company to achieve your goals successfully and profitably. Loans are available in HUF, EUR, USD, CHF and GBP. Depending in financing needs, we offer the following loans:

If any of the products are of interest


Bank guarantees

If your business partner requests your company to provide guarantee for the performance of its contractual obligations, consider submitting a mandate to the Bank to undertake guarantee. OTP Bank issues bank guarantee in both forint and foreign currency for the term you request.

Our bank guarantees:


Factoring

Factoring means the purchase and assignment, prior to their due date, of short-term receivables with deferred payment, evidenced with a commercial contract and an invoice.

OTP Bank purchases your receivables for an amount less the interest due on the period between the date of the advance payment and the due date (i.e. at a discounted value). OTP Bank stipulates a right of recourse during the factoring process.

OTP Bank concludes both case-based and master agreements for a factoring credit line. We recommend that you conclude a master agreement if your company has a stable and permanent contract-based supplier-buyer relationship with the obligor. Based on the master agreement for a factoring credit line, OTP Bank accepts invoices for factoring up to a determined amount within a set period of time. The credit line may also be revolving credit within a one-year period.

How does it benefit your company?

  • Factoring enables you to have immediate access to cash.
  • Factoring helps you finance an increase in your accounts receivable.
  • Factoring does not require a banker’s draft, the assignment of the commercial invoice will suffice.
  • The factoring credit line can also be used to factor EU grants.

Terms and conditions


Bill of exchange

OTP Bank accepts B/E’s for discount or collection. Discounting means the purchase of a B/E prior to its due date for an amount less the interest due on the period between the date of the discount and the due date. In the case of B/E’s accepted for collection, OTP Bank enforces the claim stipulated in the B/E from the obligor at the due date.

How does it benefit your company?

  • Discounting of B/E’s enables you to have immediate access to cash.
  • Discounting of B/E’s does not require a banker’s draft, the endorsement of the B/E to the Bank will suffice.
  • At the due date the Bank performs the tasks related to collection.

Terms and conditions

  • Term: short-term


Leasing

A market leader, Merkantil Bank relies on its experience in vehicle financing in managing the risks implied in the various loan transactions.

Our product range helps you find the type of financing that best suits your needs and expectations.

Merkantil Bank offers your company the following products:

  • vehicle financing
  • financing of production equipment and machinery
  • real estate leasing


Specialised Lending/Project Financing

In the case of the realization of an asset or company purchase or development financed by credit facilities, where the source of the repayment of the loan is primarily the cash flow generated by the financed asset or activity,
OTP Bank provides the following special credit facilities:

  • Project finance facility,
  • Financing of cash-flow generating real estates (e.g. office buildings, retail and industrial properties, hotels)
  • Acquisition financing,
  • Financing of PPP transactions,
  • Financing of purchase of high value physical equipment or tangible asset,
  • Financing of stocks or goods other than warehouse or classical stock financing arrangements.

Advantages

  • Special credit facilities can be used to implement developments and projects that involve a higher risk than general corporate finance and require multiple credit products.
  • In the case of special credit facilities, besides the special credit specifically financing the transaction, it is possible to use classic corporate finance products.
  • Also in the case of special credit facilities, interbank credits can be used in addition to credits from OTP Bank’s funds.
  • In case of transactions with higher financing needs or due to the specifics of the transaction, it is possible to provide syndicated special credit facilities, the arrangement/origination of which can also be supported by OTP Bank.
  • OTP Group has an extensive network of affiliate banks, so special credit facilities are available in many countries in Central and Eastern Europe, including in co-financing with local OTP subsidiaries.
  • OTP Bank’s outstanding capital strength also makes it possible to deal with major financing needs.

Conditions

The conditions of special credit facilities (inter alia maturity, grace period, repayment structure, expected amount of equity, pricing conditions) are tailored to the specific nature of the transaction, based on consultations with the client.

Should you need further information on our services please contact:

In case of credit applications related to any transaction in foreign countries or transaction in Hungary with a financing need over 1 billion HUF.

Specialised Lending Directorate
Dr. Miklós Németh
senior managing director
Tel.: + 36 1 298 3048
Fax: + 36 1 298 4225
E-mail: nemethmiklos@otpbank.hu

In case of credit applications related to transaction in Hungary with a financing need not exceeding 1 billion HUF, please contact OTP Bank’s local branch with corporate lending activity.


Syndicated lending and international financing

In the field of syndicated lending and international financing OTP Bank Plc offers
the following services to its local and international clients:

  • arrangement/origination of syndicated and club loans in the countries of OTP Group,
  • participation in local and international syndicated and club transactions,
  • agency role (general, paying, security agent) in syndicated and club deals,
  • co-financing with local OTP subsidiaries in larger-scale financings,
  • specialised lending products, structured finance, international guarantees,
  • secondary market transactions,
  • consultancy in consortial financing.

Should you need further information on our services please contact our colleagues:

Specialised Lending Directorate, Structured Finance Department
Mr. Balázs Fekete
Head of Department
Tel.: +36 1 298 4344
E-mail: feketeb@otpbank.hu

Specialised Lending Directorate, Structured Finance Department
Mr. László Hegedűs
Head of Agency Desk
Tel.: +36 1 298 4705
E-mail: hegedusl@otpbank.hu


Forfaiting and Buyer’s Credits

Forfaiting is a form of financing that enables Exporters to receive immediate cash by selling their medium/long-term receivables (the amount a Buyer owes the Exporter) at a discount to OTP Bank.

Key characteristics:

  • 100% financing (no “own contribution” of the Exporter),
  • Without recourse to the Exporter (OTP runs the whole non-payment risk),
  • For receivables with maturity exceeding 90 days,
  • Transaction values can range from EUR 250 thousand to EUR 10 million or more,
  • The debt is usually evidenced by a legally enforceable / transferable payment instrument such as a deferred payment letter of credit, avalised promissory note or a bank guarantee,
  • Corporate risk can be accepted only in case of OTP group countries.

 

OTP Bank provides the buyer or the buyer’s bank a medium/long term Buyer’s Credit in order to facilitate the fulfillment of the payment obligations of the Buyer under the commercial contract.

Key characteristics:

  • The credit is provided to the Buyer (classic buyer’s credit) or the Buyer’s bank (bank-to-bank buyer’s credit), however the disbursements are made to the exporter,
  • Financing is adjusted to the partial shipments/deliveries under the commercial contract,
  • Amount of financing can range from EUR 500 thousand to EUR 10 million or more,
  • Tenor is usually 1-5 years,
  • Typically in EUR or USD (local currency funding – on a case-by-case basis),
  • OTP Bank may require a guarantee from an export credit agency covering the risk of default by the Buyer,
  • Classic buyers’ credits: corporate risk can be accepted only in case of OTP group countries.

Should you need further information on our services please contact:

Specialised Lending Directorate, Structured Finance Department
Dr. Viktor Nagy
Head of OTP Group Trade Finance Desk
Tel.: + 36 1 298 4565
Fax: + 36 1 298 4339
E-mail: tradefinance@otpbank.hu


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If you have any questions, you can contact us by e-mail at information@otpbank.hu!

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