OTP Bank is in the top ten in lending under the state program "Affordable loans 5-7-9%"
OTP Bank is among the top ten banks in terms of lending to small and medium-sized enterprises and agricultural producers under the state program "Affordable loans 5-7-9%", the director of sales to medium and small corporate clients of OTP Bank Olga Volkova said.
According to her, during six months after the program had been implemented in the bank, the amount of loans granted within it has exceeded UAH 2.5 bln. The program loans were mostly received by wholesale and retail trade business, processing sector, and agricultural producers.
As Volodymyr Mudryi, Chairman of the Board of OTP Bank, said, “Ukraine's GDP growth forecast for 2022 is lower than the growth forecast for the world economy”. Thus, the IMF expects the Ukrainian economy to show growth of 3.6% next year, while world GDP growth is expected at 4.9%.
"An important factor of economic growth is an investment, one of the sources of which is lending. That is why everyone is so concerned that lending to legal entities in Ukraine is not growing as fast as we would like. Since a good driver for increasing lending is the state program "Affordable loans 5-7-9%", OTP Bank has long made proposals to expand the program, attracting individual entrepreneurs for small business development," - the banker announced. According to him, such entrepreneurs who work transparently can affect positively on the Ukrainian economy, in particular, through the creation of new jobs.
“The second point that OTP Bank has repeatedly emphasized is the inclusion of leasing programs in the state lending program because leasing is an investments tool that the economy needs. Therefore, we welcome very much the adoption by the Cabinet of Ministers of resolutions that have expanded the range of participants who can join the state program "Affordable loans 5-7-9%", - V. Mudry highlighted.
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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.
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