EBRD provides local currency credit line in Ukraine

Loan to OTP Leasing Ukraine to support local SMEs and boost domestic leasing

The EBRD is providing a local currency loan in Ukraine in the amount of UAH 514,000,000 (US$ 20 million equivalent) to OTP Leasing (OTPL).

The funds will help OTPL to expand its operations in local currency to small and medium-sized enterprises (SMEs) across the country and to manage its balance-sheet currency structure. The use of local currency will give great comfort to potential borrowers, who will not be exposed to foreign exchange risks.