Financing “green” solutions for business: OTP BANK and Solar Ggroup joined forces
JSC OTP BANK and Solar Ggroup announced a partnership in the field of financing and implementing solar generation projects for businesses. In particular, within this cooperation, the Bank will provide convenient credit instruments for Ukrainian enterprises, while Solar Ggroup will equip them with modern solar power plants.
“Investments in energy independence should contribute to business development, not create additional burdens. That is why we offer conditions that allow enterprises to implement projects with predictable costs, using both banking instruments and available mechanisms of state and international support,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP BANK.
Key financing conditions include:
- a loan for up to 7 years with a down payment starting from 15%, with the purchased equipment itself serving as collateral;
- additionally, entrepreneurs can attract state support within the framework of the “Affordable Loans 5–7–9%” program, implemented by the Government at the initiative of the President of Ukraine through the National Development Institution;
- the possibility of receiving compensation from the EBRD – up to 30% of the project cost..
The lending program from OTP BANK provides an individual approach to each client, competitive interest rates, convenient repayment schedules, and the possibility of structuring agreements according to the specifics of the business.
Solar Ggroup works with equipment from leading manufacturers and selects solutions according to the client’s needs, the characteristics of the facility, and consumption volumes. The company provides project support at all stages – from consultation and design to installation and subsequent service maintenance.
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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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