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.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.