OTP BANK and SHERIFF Strengthen Businesses’ Capacity to Invest in Energy Independence
JSC “OTP BANK” and SHERIFF have signed a memorandum of cooperation in the renewable energy sector, creating additional financing opportunities for Ukrainian businesses.
Under the partnership, the Bank is ready to finance energy efficiency projects offered to clients by SHERIFF. Financing can be provided for up to 7 years with an initial contribution starting from 15%. Businesses can also access funding under the state program “Affordable Loans 5–7–9%,” implemented by the Government at the initiative of the President of Ukraine through the National Development Institution.
An additional option for companies is the possibility of receiving compensation from the EBRD of up to 30% of the project cost, making investments in modern energy solutions even more accessible.
“Approaches to energy supply are evolving while companies previously sought quick fixes, today they are focusing on systemic solutions for energy independence. At OTP BANK, we work to ensure that these projects are accessible and manageable from both a financial and implementation perspective. This is why we are expanding cooperation with reliable partners such as SHERIFF, so that clients receive comprehensive solutions featuring high-quality equipment, clearly structured economics, and predictable payback,” said Iryna Kabantseva, Head of Alternative Sales Channels Projects and Programs at OTP BANK.
Key benefits of financing from OTP BANK:
- minimal documentation package — financial statements and application form;
- expedited application review process;
- possibility of a grace period on principal repayment;
- financing without additional collateral.
SHERIFF has been installing solar power plants across Ukraine since 2018. The company works with equipment from leading global manufacturers and provides a full cycle of services — from calculation and design to installation and maintenance. Its completed energy projects enable businesses and private households to achieve full or partial energy independence.
More details about the OTP BANK program are available via the link. The list of equipment offered by SHERIFF can be found here.
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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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