OTP Bank to refund under better conditions loans received abroad by Ukrainian enterprises, —V.Mudryi
OTP Bank is ready to refund under more beneficial terms Ukrainian enterprises’ loans, received by them at foreign banks. OTP Bank’s CEO Volodymyr Mudryi announced this.
According to him, OTP Bank is able to provide lending support to domestic producers with export potential and stable financial condition under better conditions than banks offer to borrowers abroad. "We are ready to lend such borrowers at the better rates than foreign banks are used to apply, or under similar conditions. Therefore, the Ukrainian companies’ desire to take loans at European interest rates has already become a reality, "— the Banker stressed.
So, last week OTP Bank signed a loan agreement with one of the largest Ukrainian producers PJSC "VGP" for the amount of EUR 4 mio to refund the its loan debt in a banking group from Central Europe.
“Refinancing with the OTP Bank’s participation allowed the company to improve actual lending conditions. This project was quite difficult, since we had to coordinate with a foreign bank to comply with the legal requirements of both countries, but for reliable and proven customers, we will make such individual decisions in the future," — V. Mudryi highlighted.
OTP Bank actively supports domestic producers and has a wide range of banking products for business, including working capital lending and investment lending.
PJSC VGP — leading producer of sanitary and hygienic products in Ukraine, known under brand “Ruta”. Company produces toilet paper and towels, napkins and handkerchiefs. It uses modern Italian and German equipment that allows the company to meet the highest international quality standards.
Today PJSC "VGP" is one of the TOP-3 companies for the sale of sanitary products in Ukraine, Moldova and Belarus. The company's products also successfully operates in the markets of Europe and Asia (Germany, Switzerland, the Netherlands, Latvia, Lithuania, Estonia and Hungary, Armenia, Kyrgyzstan, Turkmenistan).
Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.