This will unlock EUR 200 million of new financing for Ukraine’s private sector, the lender said on Monday.
The EBRD’s facility will cover up to 50% of OTP Bank’s credit risk on EUR 200 mln of newly issued sub-loans to private businesses operating in Ukraine, the EBRD said.
The credit enhancement mechanism will enable OTP Bank Ukraine to finance critical industries such as agriculture, energy, manufacturing, and transport, supporting company operations and preserving access to critical goods, it added.
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