OTP Leasing Ukraine - Senior Loan

Location:

Ukraine

Project number:

48993

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

07 Jun 2017

Status:

Repaying

PSD disclosed:

25 Apr 2017

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
 

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