The EBRD provides a €20M guarantee to a Ukrainian leasing company to support food security.
OTP LEASING will use a guarantee from the EBRD to provide €80M in financing that will support food security and other critical sectors, the EBRD noted.
The guarantee will allow OTP LEASING to support private companies working in primary and secondary agriculture and other critical industries, from the food industry to retail trade, logistics, and pharmaceuticals. The agreement will support long-term capital investment by micro, small, and medium-sized enterprises to modernize technologies and equipment and implement more green technologies.
The two-part guarantee covers up to 50% of the credit risk under new contracts concluded by OTP LEASING up to €80M, but not more than 50% of the total portfolio. After signing the agreement, the total volume of guarantees provided since the war has reached €368M.