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.
A subordinated loan up to the equivalent of US$ 50 million, which will form part of OTP's capital base.
Up to the equivalent of US$ 50 million (ECU 40 million).
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.
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