OTP BANK offers to Ukrainian business a combined approach for financing projects for increasing of energy independence
OTP BANK JSC offers special conditions for financing projects of strengthening of the energy independence of Ukrainian companies, by providing favorable conditions and quick decision-making. This initiative is aimed at enabling Ukrainian enterprises to reduce energy costs and increase energy protection in conditions of instability. This told head of corporate sales development department (Mid) of OTP BANK Valerii Terno during business-forum “Solar plants and energy storage systems”.
According to him, finance program by OTP BANK provides a combined approach to the implementation of energy-efficient projects. Companies get the opportunity to finance the necessary steps to increase energy saving, immediately attracting all the funds needed for the implementation of the project. The Bank also provides support in the selection of appropriate partners and consultants to ensure maximum effectiveness of the implemented measures, and preliminary financing decisions can be provided in 3 working days.
"The financing program of OTP BANK is aimed at enterprises that need to quickly increase their energy independence. Within the “Affordable loans 5-7-9%" program, one can get up to UAH 150 million at a reduced rate of 5, 7 or 9% per annum, and if the company does not meet the criteria of this program, it is possible to get a preferential rate of 13.5%, which allows the business to significantly reduce the costs of implementing energy saving projects. As part of cooperation with the EBRD, we also offer up to 15% compensation from the total cost of the project, if it meets the EBRD's criteria," - said V. Terno.
In addition, OTP BANK is considering the possibility of extending the term of financing to 7 years, which will be available for businesses from 2025. Thanks to this approach, companies can implement even large-scale and long-term energy efficiency projects without significant burdens on the budget.
OTP BANK is convinced that modern financial solutions will help increase the energy efficiency of Ukrainian companies and provide reliable business support even in conditions of instability.
Share these news with friends!
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.
Additional information
