“The European Bank for Reconstruction and Development (EBRD) provides a new portfolio risk-sharing credit line to Ukrainian OTP Bank.”, — write: epravda.com.ua
The European Bank for Reconstruction and Development (EBRD) provides a new portfolio risk-sharing credit line to Ukrainian OTP Bank. This was reported by the EBRD press service. It is noted that the EBRD credit line will cover up to 50% of the credit risk of “OTP Bank Ukraine” for EUR 200 million of new subloans issued to private enterprises operating in Ukraine. The mechanism will allow the bank to finance such critical sectors as agriculture, energy, manufacturing and transport.Advertisement: This is the fifth and largest loan provided by the EBRD to OTP Bank. The total amount of financing under similar EBRD guarantees, signed since the beginning of the full-scale war, is almost 2 billion euros. 100% of OTP Bank belongs to the Hungarian OTP Bank Plc. We will remind: Advertisement: The European Bank for Reconstruction and Development (EBRD) and the global insurance and reinsurance broker Aon announced the launch of a specialized program aimed at reviving the activity of the war insurance market in Ukraine, within which the EBRD provides guarantees in the amount of 110 million euros.