OTP BANK and SOLARBUD SERVICE to support Ukrainian businesses in transitioning to own power generation
OTP BANK JSC continues to build an effective partner ecosystem aimed at providing Ukrainian businesses with even more opportunities to implement energy-efficient solutions. LLC SOLARBUD SERVICE has now joined the network of companies with which the Bank is developing this strategic area.
The parties formalised their intentions through the signing of a memorandum of cooperation. This partnership will combine expertise in solar energy solutions with accessible financing instruments, enabling clients to transition to their own electricity generation in a convenient and financially efficient manner.
LLC SOLARBUD SERVICE has been operating in the market since 1997 and specialises in the design, construction and maintenance of solar power plants. Owing to its extensive experience, the company’s team develops tailored solutions for enterprises, taking into account the specifics of their operations and energy needs.
For its part, OTP BANK will facilitate the implementation of such energy projects by helping businesses optimise investment costs and distribute the financial burden in a balanced and sustainable way.
“At OTP BANK, we are committed to ensuring that our clients have access to high-quality technologies and convenient financial instruments that support a rapid transition to alternative energy sources. Together with our partner, we are shaping a comprehensive approach under which companies can receive professional support at every stage of implementing an energy initiative,” emphasised Iryna Kabantseva, Head of Projects and Programmes for Alternative Sales Channels at OTP BANK.
OTP BANK lending terms include:
- financing for up to seven years with an initial contribution starting from 15%;
- a simplified documentation package consisting of financial statements and an application form;
- an accelerated application review procedure;
- the possibility of establishing a grace period for principal repayment;
- financing without additional collateral.
Clients may also benefit from state support available under the “Affordable Loans 5–7–9%” programme implemented by the Government of Ukraine at the initiative of the President of Ukraine through the Entrepreneurship Development Fund. In addition, businesses may qualify for compensation from the EBRD covering up to 30% of the project cost. The maximum level of such cashback support is available for veteran-owned businesses, enterprises relocated from temporarily occupied territories, as well as companies that have suffered losses as a result of hostilities.
More detailed information about the programme terms is available via the link.
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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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