The financing volume to Ukrainian enterprises by OTP Bank within "Affordable loans 5-7-9%" program approached UAH 6 bln
OTP Bank has financed Ukrainian enterprises for a total amount of over UAH 5.6 bln within the state program "Affordable loans 5-7-9%" since the beginning of its participation in the program in 2020.
According to the 1Q2023 results, the OTP Bank`s loan portfolio under this program almost reached UAH 4 billion, 50% (about UAH 2 billion) of which was provided to the agricultural sector, as of April 1, 2023.
As Olha Volkova, OTP Bank’s Director of the corporate sales department for small and medium-sized businesses, commented, "in terms of the loan portfolio granted to the economy under the program "5-7-9%", OTP Bank enters one of the 10 leading banks of Ukraine and continues active lending to the important sectors of the economy". As she noted, starting from March, the conditions under the program were slightly changed, including the interest rates, but such loans still remain the most profitable on the market for borrowers, and therefore are in significant demand.
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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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