Financing and energy efficiency: OTP Bank and ALTEN NEO join forces
JSC OTP Bank has launched a partnership with ALTEN NEO, a company specializing in renewable energy solutions. Through this cooperation, Ukrainian businesses can access financing on flexible terms for turnkey solar power plant projects, gas-powered generation facilities, and energy storage systems.
“We continue to strengthen our focus on financing energy-efficiency initiatives by bringing together companies with strong industry expertise around the Bank. Our cooperation with ALTEN NEO provides businesses with additional opportunities to implement energy projects through a comprehensive support approach,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP Bank.
ALTEN NEO is a developer, manufacturer, and supplier of energy equipment, as well as an official dealer of leading international brands. The company applies advanced technologies to maximize the efficiency of solar, wind, and other renewable energy sources. It provides a full range of services, from project design to installation, while considering the individual needs of clients seeking energy independence and lower operating costs.
For its part, OTP Bank offers businesses flexible financing solutions that help spread investment costs over time and accelerate the transition to self-generated electricity. Financing is available for up to seven years with a minimum down payment of 15% and no additional collateral requirements.
Clients can also benefit from the government-backed Affordable Loans 5-7-9% programme, implemented by the Government of Ukraine through the National Development Institution. In addition, eligible projects may qualify for an EBRD incentive of up to 30% of the project cost.
OTP Bank supports both large-scale energy initiatives and projects undertaken by small, medium-sized, and micro-enterprises. A preliminary financing decision can be provided within one business day, after which the Bank ensures prompt funding for approved projects. More information about OTP Bank’s energy-independence financing solutions 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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