The European Bank for Reconstruction and Development has allocated a loan in the national currency equivalent to €20 million to the Ukrainian company OTP Leasing. This financing aims to enhance the competitiveness, resilience, and inclusiveness of micro, small, and medium-sized enterprises in Ukraine by expanding access to leasing products during a period of economic uncertainty and limited liquidity.
This is reported by Finway
Half of the Loan for Supporting Modern Technologies
Fifty percent of the raised funds will be directed towards long-term investments in the implementation of modern technologies, allowing Ukrainian companies to adapt their production processes to meet EU requirements. A particular emphasis is placed on projects that promote the development of green production and improve energy efficiency.
“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,” stated the EBRD.
Additional Incentives for Ukrainian Entrepreneurs
Entrepreneurs planning to invest in green equipment will be able to take advantage of a range of additional benefits:
- receiving technical assistance from the European Union under the EU4Business program;
- access to investment bonuses funded by the United States;
- preferential interest rates, including a subsidy of up to 10% from the EBRD’s Special Fund.
Separate incentives are also provided for businesses most affected by the consequences of the war. OTP Leasing, part of the Hungarian banking group OTP, is a leader in the leasing market in Ukraine. Since the beginning of 2022, the EBRD has invested over €9.1 billion in the Ukrainian economy.