The European Bank for Reconstruction and Development has allocated a loan in hryvnias equivalent to €20 million to support the Ukrainian company OTP Leasing. This financing is aimed at enhancing the competitiveness, resilience, and inclusiveness of micro, small, and medium enterprises in Ukraine, as well as expanding access to leasing products during a challenging economic situation.
This is reported by Finway
“The financing will help strengthen the competitiveness, resilience, and inclusiveness of Ukrainian micro, small, and medium enterprises by expanding access to leasing products during times of limited liquidity and increased economic uncertainty”
Support for Investors in Green Technologies
Half of the loan funds will be directed towards long-term investments in modern equipment and technologies. This will enable Ukrainian companies to adapt their production processes to EU standards, promoting the development of environmentally friendly businesses.
Entrepreneurs who choose to invest in green equipment will receive a range of benefits:
- technical assistance under the EU4Business initiative from the European Union;
- investment bonuses funded by the United States government;
- a special interest rate subsidy of up to 10% from the EBRD’s Special Fund.
Additional Incentives for Affected Businesses
Specific incentives are provided for those companies that have suffered the greatest losses due to the war. OTP Leasing, a subsidiary of the Hungarian financial group OTP, remains a leader in the Ukrainian leasing market. Since the beginning of 2022, the EBRD’s investment volume in Ukraine has exceeded €9.1 billion.