German bank hails 'above expectations' launch of football finance unit in midst of pandemic: Targets €500 million business volume
Alamy | Oldenburgische Landesbank is targeting a business volume of €500 million in the coming years, highlighting the potential of the market.
Oldenburgische Landesbank started offering football finance solutions in April last year and has already achieved a business volume of €250 million.
CFO Dr Rainer Polster says football finance is a "building block" in the bank's corporates and SME segment.
The bank is just one of several financial institutions such as MSD Capital who in 2020 entered the market for receivable financing and classic lending.
9 March 2021 - 11:55 AM
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