The instrument will enable OTP Leasing to support private companies in agriculture and other critical industries, from food processing to retail, logistics, and pharmaceuticals. It will also support long-term capital investments of micro-, small and medium-sized enterprises to upgrade their technologies and equipment, stimulating the uptake of greener technologies.

The facility will cover up to 50% of the credit risk of EUR 80 mln in newly originated contracts by OTP Leasing, subject to a portfolio cap of 50%. It brings the total volume of similar guarantees signed since the start of Russia's full-scale war on Ukraine up to EUR 368 mln, the EBRD said.

OTP Leasing has an approximate 45% share of the leasing market in Ukraine, it noted.