OTP Leasing Ukraine - Senior Loan (EBRD-48993)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 7, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 27, 2017

Disclosed by Bank Apr 25, 2017


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Project Description
PROJECT DESCRIPTION The provision of a 3-year hryvnia loan to LLC "OTP Leasing" ("OTPL") in the amount equivalent to US$ 20 million for financing leasing transactions with private Ukrainian companies, including small and medium-sized enterprises (SMEs) under EBRD's SME Local Currency Programme. The project will support OTPL's balance sheet optimisation and promote expansion of lease financing in local currency. TRANSITION IMPACT Strengthening of OTPL's funding profile and support of medium-term lease financing to corporates and SMEs in local currency on the background of limited investment finance instruments in the market. CLIENT INFORMATION OTP LEASING LLC UKRAINE EBRD FINANCE SUMMARY USD 20,000,000.00 TOTAL PROJECT COST USD 20,000,000.00 ENVIRONMENTAL AND SOCIAL SUMMARY Categorised FI (2014). OTP Leasing will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, implement the Bank's Environmental and Social Risk Management Procedures for Leasing and submit Annual Environmental and Social Reports to the EBRD. TECHNICAL COOPERATION None. COMPANY CONTACT INFORMATION Andriy Pavlushyn, CEOmarcom@otpleasing.com.ua+380 44 594 70 60+380 44 594 70 60www.otpleasing.com.ua2V, Soborna str. Petrobavlivska Borschgivka, Kyiv reg., Ukraine 08130
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
LLC "OTP Leasing" (the "Company"), established in June 2008, is a 100 per cent owned subsidiary of OTP Bank Plc., a leading Hungarian financial group with around 20 per cent market share in Hungary. The Company is the market leader in providing finance and operating leases as well as providing car fleet management services in Ukraine.
Contact Information
ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html. CONTACTS Andriy Pavlushyn, CEO marcom@otpleasing.com.ua +380 44 594 70 60 +380 44 594 70 60 www.otpleasing.com.ua 2V, Soborna str. Petrobavlivska Borschgivka, Kyiv reg., Ukraine 08130