OTP Leasing Ukraine - Senior Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 48993

Status Complete

Location

Ukraine

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 48993

Status Complete

Location

Ukraine

Business Sector

Notice Type

Private

Environmental Category

Approval Date

07 Jun 2017

Disclosure date

25 Apr 2017

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Ukrainian

Project Description

The provision of a 3-year hryvnia loan to LLC "OTP Leasing" ("OTPL") in the amount equivalent to US$ 20 million for financing leasing transactions with private Ukrainian companies, including small and medium-sized enterprises (SMEs) under EBRD's SME Local Currency Programme. The project will support OTPL's balance sheet optimisation and promote expansion of lease financing in local currency.

Transition Impact

Strengthening of OTPL's funding profile and support of medium-term lease financing to corporates and SMEs in local currency on the background of limited investment finance instruments in the market.

Client Information

OTP LEASING LLC UKRAINE

LLC "OTP Leasing" (the "Company"), established in June 2008, is a 100 per cent owned subsidiary of OTP Bank Plc., a leading Hungarian financial group with around 20 per cent market share in Hungary. The Company is the market leader in providing finance and operating leases as well as providing car fleet management services in Ukraine.

EBRD Finance Summary

USD 20,000,000.00

Up to US$ 20 million in local currency

Total Project Cost

USD 20,000,000.00

Up to US$ 20 million in local currency

Environmental and Social Summary

Categorised FI (2014). OTP Leasing will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, implement the Bank's Environmental and Social Risk Management Procedures for Leasing and submit Annual Environmental and Social Reports to the EBRD.

Technical Cooperation

None.

Company Contact Information

Andriy Pavlushyn, CEO
marcom@otpleasing.com.ua
+380 44 594 70 60
+380 44 594 70 60
www.otpleasing.com.ua
2V, Soborna str. Petrobavlivska Borschgivka, Kyiv reg., Ukraine 08130

Transition impact

ETI Score:60

PSD last updated

13 May 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

Our story

How we invest in changing lives

What we offer for businesses

Search