EBRD supports private sector in Ukraine with loan to OTP Leasing
Ukraine, Jan. 7 -- The European Bank for Reconstruction and Development (EBRD) is extending a local currency senior loan of up to €20 million to Ukraine's OTP Leasing to support businesses affected by Russia's invasion of the country.The financing will help to strengthen the competitiveness, resilience and inclusiveness of Ukrainian micro, small and medium-sized enterprises (MSMEs) by expanding access to leasing products at a time of tight liquidity and heightened economic uncertainty.Fifty per cent of the EBRD's loan proceeds will be provided to MSMEs for long-term investments in European Union (EU)-compliant and green technologies.The loan will enable OTP Leasing to meet strong local demand for leasing services, allowing MSMEs to ac...
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