The Hungarian commercial bank OTP has launched a HUF 100 bn loan program in support of investments by its clients. The goal is to support manufacturing, agricultural and food investments that are seeking EU funding as well. László Wolf, Deputy CEO of OTP said that the macroeconomic environment is not conducive to growth, and that OTP expects a 2 percent decrease this year in investments. Wolf believes that the major obstacle to growth is the lack of trust. Restoring that trust is thus a key issue, as it would help expand the investment and lending. He added that the an agreement with the IMF agreement would enhance the investor trust.
