Partnership between OTP Bank and ALTEK: financing and technology solutions for business energy independence
JSC OTP Bank has announced a partnership with ALTEK aimed at expanding opportunities for businesses to invest in their own energy independence. Through this cooperation, Ukrainian companies can install high-quality renewable energy equipment while benefiting from tailored financing solutions.
“Together with ALTEK, we are creating conditions that enable clients to move quickly toward energy independence and implement solutions that will support their future growth. It is important for us that this process is as simple and beneficial as possible: clients receive financial support from OTP Bank and modern technologies from a trusted partner. We are taking practical steps that make life easier for businesses and help them grow with confidence,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP Bank.
OTP Bank provides financing for the energy-efficient solutions offered by ALTEK, ensuring an individual approach to loan structuring, flexible repayment terms, and competitive interest rates.
Key financing terms offered by OTP Bank
- Financing for up to 7 years with a minimum down payment of 15%;
- The purchased equipment serves as collateral;
- Access to the government-backed Affordable Loans 5–7–9% program;
- An option to receive an EBRD incentive of up to 30% of the project cost.
ALTEK is one of Ukraine’s leading manufacturers, importers, and developers of renewable energy equipment. The company provides a comprehensive range of solutions, including solar power plants, water heating systems, and industrial energy installations.
In addition to equipment supply, ALTEK offers diagnostics, installation supervision, commissioning, maintenance, and repair services, backed by warranties on completed work. Equipment is delivered promptly to any region of Ukraine from the company’s main warehouse in Dnipro and through its dealer network.
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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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