SME+ RSF OTP Leasing Ukraine (IFC-52815)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 28, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
OTP Leasing LLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 39.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 57.92 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50
Converted using 2026-08-28 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 15, 2026

Disclosed by Bank Jul 2, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed investment consists of an unfunded risk sharing facility (RSF) with LLC OTP Leasing (OLU) for a portfolio of up to €50 million consisting of eligible leases to small, medium-sized enterprises (SMEs) and larger companies (SME+) in Ukraine, where IFC’s risk participation will be up to 50 percent. The objective of the Project is providing the Company with a de-risking instrument and helping it expand leasing to SMEs and SME+, including underserved groups in agribusiness, women-owned, led by or employing youth, veterans and/or other similar groups (collectively, Target Groups). Up to 100 percent of the RSF portfolio would be earmarked to financing sustainable projects in renewable energy, energy efficiency and climate smart agriculture (Sustainable Solutions), including at least 20 percent allocation to Target Groups.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Project is categorized as FI-2 in accordance with IFC’s Sustainability Policy. The Company will be required to screen out any activities that do not meet eligibility criteria, including but not limited to IFC Exclusion List activities, activities related to production and trade of radioactive materials, any coal-related activities, hydropower plants, offshore windfarms and solar photovoltaic (PV) installations except for the acquisition by lessees of small-scale solar photovoltaic installations and/or lessees involved in higher-risk business activities that may include: (i) involuntary resettlement, (ii) risk of adverse impacts on indigenous peoples, (iii) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, (iv) significant retrenchment risks, or (iv) significant occupational health and safety risks (e.g., risk of serious injury or fatality to workers).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total project cost is expected to be €50 million.

IFC's Investment as Approved by the Board: Guarantee 39.14 million (USD)

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

OTP Leasing LLC (OLU) is the largest leasing company in Ukraine with an approximate 34 percent market share in Ukraine in terms of leasing portfolio as of December 31, 2025. OLU provides financial leases and fleet management services to SMEs and SME+ across the country. The Company is fully owned by OTP Bank Plc (OTP), domiciled in Hungary, with 60 percent direct ownership and 40 percent through Merkantil Bill and Property Investments Bank Closed Company Limited by Shares, a Hungarian bank fully owned by OTP. OTP is one of the largest financial groups in the Eastern Europe, a leader of the Hungarian banking market, which shares are listed on the Budapest Stock Exchange.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For Inquiries About the Project, Contact:
LLC OTP Leasing
Oksana Belbas
Chief Financial Officer
+380-44-500-1000
Oksana.Belbas@otpleasing.com.ua
Kyiv region, Ukraine, 08129
http://otpleasing.com.ua/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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