About tools for exporters: OTP BANK and EBA invited business to a meeting
OTP BANK JSC and European Business Association (EBA) in partnership held an offline event for Ukrainian export-oriented companies, as well as all business representatives interested in export opportunities.
«Exporters: Talk & Network» became a platform for discussing the challenges faced by companies in international markets, as well as finding ways to expand the export of Ukrainian goods and services.
In particular, among the opportunities for exporters, Chairman of the Board of OTP BANK Volodymyr Mudryi, named programs from international organizations. During his speech, he emphasized that the Bank's mission today is to build a bridge with global companies and donors, who are represented in Ukraine.
"In order to work in our country, all international organizations need a responsible and reliable partner here, with history and a good reputation. One with whom you can speak the same language. Therefore, for global companies, we act as a kind of "translator" of the needs that exist in our market. This is one of our missions", - V. Mudryi noted. He emphasized that OTP BANK was among the first to start cooperation with the EBRD, and now also has extensive programs with the IFC. "In addition, within the scope of cooperation with the USAID Investment for Business Resilience Activity we closed one program of co-financing micro, small and medium-sized enterprises on preferential terms ahead of schedule, and recently received a second tranche for business support," - the banker emphasized.
However, in addition to global tools such as programs with international companies, the Bank also supports exporters in their daily operations. As V. Mudryi mentioned, OTP BANK has developed advantageous and customized services and products – a separate " Currency Contracts" module in the Click OTPay client-bank system, which contains full information on the status of settlements for export and import contracts, a currency swap, credit services and the "Trading Platform" service, which allows clients to lock in currency exchange rates starting from 1 cent, as well as gives access to exotic currency exchanges. "We try to maximize the optimization and personalization of client interactions with the bank, making it as convenient as possible. For this, we have adjusted many processes: for instance, any new contract must be processed and confirmed by the bank within the same day," - V. Mudryi said.
During the event, he advised entrepreneurs to expand their knowledge of ESG (environmental, social, and corporate governance) standards, which are increasingly being required of Ukrainian businesses by international organizations. "This is inevitable and already knocking on our doors. There are requirements from the EBRD, the World Bank, and the National Bank of Ukraine is also planning to develop its own standards. Therefore, at the level of NABU (The Independent Association of Banks of Ukraine), we are now trying to consolidate all the requirements to ensure a common understanding of what we will be implementing, as well as to develop a transition schedule to ESG standards," – noted V. Mudryi.
At the event, Deputy Chief of the Party of the USAID Investment for Business Resilience Activity Yulia Vitka spoke about various programs for exporters and SME and the opportunities provided by the project. Chairman of the Management Board of PJSC ECA Ruslan Hashev presented the experience of the ECA and discussed the changes in the Agency's operations that have allowed for expanded cooperation with business representatives.
"Exporters: Talk & Network: Tools for Supporting Export-Oriented Companies" has become the third offline event for exporters organized by OTP BANK and the European Business Association in partnership. Previous business meetings took place in the summer and spring of 2024.
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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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