The European Bank for Reconstruction and Development (EBRD) has provided the Ukrainian company OTP Leasing with a loan in the national currency equivalent to €20 million. This financial support aims to strengthen the positions of Ukrainian micro, small, and medium-sized enterprises, as well as expand their leasing capabilities amid a challenging economic situation.
This is reported by Business • Media
Loan Features and Benefits for Businesses
Half of the allocated funds are intended for financing long-term investments in modern technologies, which will allow Ukrainian companies to adapt their production to European Union standards. Entrepreneurs who choose to invest in green equipment can take advantage of a range of additional opportunities:
- technical assistance under the EU4Business initiative from the European Union;
- investment bonuses supported by the United States of America;
- preferential interest rates, including a subsidy of up to 10% from the EBRD’s Special Fund.
“The financing will help strengthen the competitiveness, resilience, and inclusiveness of Ukrainian micro, small, and medium-sized enterprises by expanding access to leasing products during times of limited liquidity and increased economic uncertainty,” said the EBRD.
Additional Incentives and the Role of OTP Leasing
In addition to the main program, specific incentives are provided for those enterprises that have been most affected by the consequences of the war. OTP Leasing, a subsidiary of the Hungarian banking group OTP, is a leading player in the leasing market in Ukraine.
It is worth noting that since the beginning of 2022, the total volume of EBRD investments in the Ukrainian economy has exceeded €9.1 billion, highlighting the bank’s strategic interest in supporting the development of the private sector and the implementation of green technologies in Ukraine.