EBRD considers $25m loan for leasing arm of OTP unit in Ukraine

MNB

The European Bank for Reconstruction and Development (EBRD) on Tuesday said it is considering a five-year senior loan of up to $25m to OTP Leasing, a unit of OTP Bank's subsidiary in Ukraine, to finance new leasing transactions.

At least half of the loan must be used to finance lending for SMEs with a focus on regions, the EBRD said.

OTP Leasing is one of the fastest growing companies in the market, ranked 7th by the size of its lease portfolio and 2nd by new business volume as of June 30, 2011.

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