The #EBRD has recently announced the #granting of UAH 514 #million to #Ukrainian #leasing #company OTP Leasing. The loan is primarily aimed to promote Ukrainian small and medium-sized enterprises. The use of the domestic currency is an advantage for #borrowers as they are not exposed to #foreign #exchange #risks.
The European Bank for Reconstruction and Development (EBRD) has recently announced the granting of a loan in Ukrainian currency in the amount of UAH 514 million (USD 20 million) to Ukrainian leasing company OTP Leasing (OTPL). The loan to OTPL is aimed to promote small and medium-sized enterprises in Ukraine as well as to finance domestic leasing.
The funds will help the OTPL to extend its transactions in national currency to small and medium-sized enterprises across the whole country. The use of the domestic currency is an advantage for potential borrowers who are not exposed to foreign exchange risks.
OTP Leasing LLC is a universal leasing company in Ukraine belonging to the European OTP Group. The company has successfully established itself as a major player on the Ukrainian market. OTP Leasing operates in all market segments and offers leasing services to leading manufacturers of machinery, special equipment and vehicles.
The Ukrainian leasing market has declined in recent years and is currently less than 1 percent of GDP, compared to 14 percent of GDP in neighbouring countries such as the Czech Republic, Hungary and Poland. Therefore, the EBRD’s loan to OTP Leasing is of great importance and is aimed to help strengthen the market position and competitiveness of small and medium-sized enterprises.
OTP Bank focuses on the needs of small and medium-sized enterprises. To this end, the bank has developed a range of products and services. In particular, financing of SMEs serves as a business model for the entire OTP group in Ukraine.
Public Stock Company OTP Bank is one of the largest Ukrainian banks, a recognized market leader in the financial sector of Ukraine. The bank offers a wide range of financial services to corporate and private clients as well as to small and medium-sized businesses. The bank entered the Ukrainian market in 1998 and since then enjoys an excellent reputation as a socially responsible, reliable and stable institution that offers its clients European quality standards.