According to the Bank's website, this project provides financing to the borrower in order to expand their energy efficiency and renewable energy investments portfolio.
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries financed by the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The relationships listed below contain information about the high-risk subprojects of IFC and FMO's financial intermediary investments made from 2017 through 2020, and any associated ring fences.
The database does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries.
For more information, please review our Methodology.
Founded in 2008, OTPL is part of the Hungary-based financial group, OTP Group. The Company has is the market leader with a market share of 40%, based on value of leased assets. Based in the city of Kyiv, the Company provides leasing services for freight transport, motor vehicles, agricultural machinery and special equipment. The Company’s leasing portfolio at the end of 2018 amounted to UAH6.5 billion (US$240 million equivalent).
OTP Leasing Ukraine LLC
+380 (44) 500 1000
43 Zhylianska St., 01033 Kyiv, Ukraine
ACCOUNTABILITY MECHANISM OF IFC
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/