OTP BANK offers to business loans for strengthening of energy independence
OTP BANK JSC offers to Ukrainian enterprises a number of credit programs, which allows to become energy independent and to ensure uninterrupted business work under the conditions of an electricity shortage. This told head of corporate sales development (mid) department of OTP BANK Valerii Terno during round table about energy independence, organized by “Financial club”.
“Bank has set for itself a goal to stimulate development of the market of the energy independent solutions and to provide to business finance support for such projects. We prepare optimal offers and favorable conditions for each client. This means low interest rate and possibility of realization within state programs and cashback, also with additional state guarantees, EBRD guarantees and guarantees from other investment institutions we will be able to further expand the decision making criteria regarding the implementation of certain projects. We already have successful cases in this direction”, - said V.Terno.
In particular, small and middle enterprises can count on finance support from OTP BANK within the Affordable Loans at 5-7-9% program, which is implemented by the government on the initiative of the President of Ukraine through the Entrepreneurship Development Fund. Also joint program with European Bank for Reconstruction and Development gives a possibility to offer to small and medium business investment loans with possible partly compensation costs, financed at the expense of the Bank's credit funds. This loan can be directed to the long-term investments in “green” technologies (energy efficient equipment, solar panels for electro stations to fulfill own needs), which meet the standards of the European Union and will contribute to increasing the competitiveness of enterprises in the domestic and foreign markets.
After implementation of the projects, clients will be able to claim investment incentives (monetary compensations, cashbacks).
“By installing solar panels or other elements, including gas turbine or gas piston stations, entrepreneurs will have the opportunity not only to ensure their own energy independence but also to sell surplus energy to the grid, thereby contributing to the country`s energy security”, - added head of corporate sales development (mid) department of OTP BANK.
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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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