EBRD and OTP Bank concluded an agreement on risk sharing for the amount of EUR 30 million

08/ 12/ 2022

The European Bank for Reconstruction and Development and OTP Bank concluded an agreement under the Risk Sharing Program. According to the terms of the agreement, the collateral for loans that OTP Bank will provide to borrowers will be risks coverage from the EBRD in the amount of up to 50% of the new loan portfolio. The funding limit under the program is EUR 30 million. The program is available for enterprises of critical sectors of the Ukrainian economy: agriculture and related services, food industry, transport and logistics, trade in essential goods, and others. As OTP Bank’s CEO Volodymyr Mudryi said in an interview with Banki.ua: In London EBRD approved the lending risk sharing program together with OTP in Ukraine. That is, they see OTP Bank as a reliable partner who correctly assesses risks. Such partner be relied on while doing business even in times of war. Its more about trust than about the amount of funding!.

The European Bank for Reconstruction and Development and OTP Bank concluded an agreement under the Risk Sharing Program.

According to the terms of the agreement, the collateral for loans that OTP Bank will provide to borrowers will be risks coverage from the EBRD in the amount of up to 50% of the new loan portfolio. The funding limit under the program is EUR 30 million.

The program is available for enterprises of critical sectors of the Ukrainian economy: agriculture and related services, food industry, transport and logistics, trade in essential goods, and others.

As OTP Bank’s CEO Volodymyr Mudryi said in an interview with Banki.ua: “In London EBRD approved the lending risk sharing program together with OTP in Ukraine. That is, they see OTP Bank as a reliable partner who correctly assesses risks. Such partner be relied on while doing business even in times of war. It’s more about trust than about the amount of funding!”.