Transition Impact
As the third-largest bank in Hungary, with over 30 per cent of the country's banking assets, OTP plays an important role within the country's banking system and acts as a financial intermediary for the enterprise sector. The project will strengthen OTP's capital base and enable it to serve its corporate clients more effectively.
EBRD Finance
A subordinated loan up to the equivalent of US$ 50 million, which will form part of OTP's capital base.
Project Cost
Up to the equivalent of US$ 50 million (ECU 40 million).
Environmental Impact
The project has been classified C/0 (it does not require an environmental analysis or an environmental audit). OTP will carry out its operations in accordance with the EBRD's "Environmental Procedures for Local Banks", which provide for the integration of environmental due diligence into such banks, credit and investment appraisal processes and a requirement that borrowers comply with national and local health and safety and environmental regulations and standards. OTP will submit annual environmental reports to the EBRD.
Technical Cooperation
None.
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
