OTP banka in “Sisak Entrepreneur 2016“

In cooperation with the City of Sisak, OTP banka will support “Sisak Entrepreneur 2016“ project. Entrepreneurial loans will be granted from credit fund worth HRK 20 million at favorable fixed interest rate.

Business cooperation agreement in this project was signed by OTP banka CEO Balázs Békeffy and Sisak Mayor Kristina Ikić Baniček. Credit fund in the amount of HRK 20 million will be available for HRK loans to entrepreneurs with fixed 5.5 percent annual interest rate. End beneficiaries who construct, refurbish or purchase business properties will be offered very affordable interest rate of only 1.5 percent annually, since the City of Sisak will subsidize it with 4 percent.

The City secured funds for interest subsidizes amounting to HRK 800,000, while the amount of subvention will depend on the purpose of the loan – 4 percent annually for constructing, refurbishing, expansion or purchasing business properties, 3.5 percent annually for new equipment purchase and 2.5 percent annually for working capital financing. The tender will be open by December 15, 2016 or until the funds expire.

„It became a tradition for OTP banka to support programs and activities conducted by the City of Sisak, both in economy and retail financing. We also secure donations and sponsorships for culture, sport and socially beneficial projects. We are glad to be recognized by the City as a partner which would offer quality financial support for SME in realization of the best entrepreneurial ideas“, said Békeffy on the occasion.