The purpose of the guarantee is to unlock EUR 160 million of new financing for Ukrainian businesses, according to state news wire MTI.

The EBRD facility will cover up to half of OTP Leasing’s credit risk on the new financing.

The measure will allow OTP Leasing to provide subleases to companies in critical industries such as agriculture, manufacturing, pharmaceuticals, transport and logistics, the EBRD said.

The facility is the fifth such one the EBRD has provided OTP Leasing, building on a successful cooperation since the start of the war, it added.