0% preferential loans for business energy equipment
OTP BANK JSC has joined the implementation of an additional support instrument, the “Energy Credit” facility, which enables businesses to obtain 0% financing for energy equipment and continue operating even amid frequent power outages.
The instrument is part of the government programme “Affordable Loans 5-7-9%”. Eligible applicants include legal entities classified as micro, small and medium-sized enterprises that meet the programme’s criteria. The difference between the zero interest rate for businesses and the market rate will be compensated by the state through the Entrepreneurship Development Fund.
Terms and conditions. Loans are available for up to three years and in an amount of up to UAH 10 million for the purchase and connection of energy equipment. Financing may be used for the purchase, construction or installation of power generation facilities (gas turbine, gas piston and biogas units) as well as generators (diesel, petrol and gas-powered).
The programme is expected to help businesses maintain operations during blackouts without downtime, make rapid investments in energy independence without additional financial pressure, and support the stability of jobs and local tax revenues.
To apply for an Energy Credit with OTP BANK, please follow the link.
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
