EBRD provides 17 mln credit line in Ukraine
Loans to OTP Leasing Ukraine to support agricoltural SMEs
18 August, 10:51OTP Leasing is a limited liability company incorporated in Ukraine and beneficially owned by OTP Bank plc of Hungary. The EBRD loan will contribute to OTPL's development strategy, designed to diversify its customer base and target smaller agricultural producers with land banks exceeding 5,000 hectares.
The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €12.2 billion through 377 projects since the start of its operations in the country in 1993.
Sevki Acuner, EBRD Director for Ukraine, said that "Ukraine's leasing market has contracted severely in recent years. The loan agreement with OTP Leasing is very important, not only financially but also in terms of market confidence and development".
"OTP Bank is focused on the needs of SMEs. We have developed a whole range of products and services: from special overdraft and tariff packages to an integrated loan project called OTP Agro-Factory", said Tamas Hak-Kovacs, Chairman of the Board of OTP Bank PJSC. (ANSA).