OTP Leasing Ukraine - Senior Loan (EBRD-48993)

  • Ukraine
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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
Jun 7, 2017
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.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 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)
$ 20.00 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.
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 27, 2017

Disclosed by Bank Apr 25, 2017

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

How it works

How it works