Project description
and objectives:
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The proposed project consists of a subordinated loan to CJSC OTP Bank to support the capitalisation of the Ukrainian bank and enable it to expand its operations in Ukraine.
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Transition impact:
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By implementing this project, the EBRD is providing Tier II capital to CJSC OTP Bank to help it achieve its ambitious growth plan in expanding its presence and lending activity in Ukraine. This is expected to increase competition especially in the regions and improve access to finance, ultimately leading to better economic environment, more employment opportunities and better living conditions for the people.
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The client:
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CJSC OTP Bank is 100% of OTP Bank, Hungary.
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EBRD finance:
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The EBRD finance includes up to USD 65 million subordinated loan for 10 years.
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Total project cost:
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USD 65 million.
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Environmental impact:
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CJSC OTP Bank will carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing these procedures, CJSC OTP Bank will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements. CJSC OTP Bank will also provide an annual environmental report to the EBRD.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Dmitry Zinkov, CEO, tel: +380 44 492 0603
Desmond O’Maonaigh, CFO, tel: +380 44 493 9769
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EBRD contact:
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Alexander Pavlov, Operation Leader: pavlova@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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