Minimum package of documents for preliminary decision
Adoption of a decision within 30 days
Advantage of being consulted by the Bank’s experts throughout the whole period of contract execution
Do you want to develop business with help of foreign suppliers? Then you will be interested in this type of financing.
Import financing ‐ financing of goods/raw materials import for their further sale on local market of Ukraine as well as for maintenance of current production activity of the companies.
Bank provides credit funds for direct payments to the foreign seller.
Proceeds from sale of goods /products produced are directed for the loan repayment. Participation of OTP Bank in import operations can also be made through issuance of documentary instruments (documentary letters of credit, bank guarantees). During structuring of transaction, it is also important to consider current currency legislation.
Basic conditions of financing
Minimum amount: UAH 4 000 000 (or equivalent in foreign currency)
Tenor of financing: usually up to 1 year (limits can be established for the period of up to 3 years)
Currency of financing: EUR, USD. Financing in UAH is also possible (if allowed by legislation)
Interest rate: for USD and EUR - LIBOR / EURIBOR + margin or current market rate; for UAH - fixed or current market rate
Tenor of each tranche within the limit: 60-90 days (depending on operational cycle of the borrower)
How trade finance is obtained
Sending application from the site
Coordination of details with a bank specialist and provision of financial statements
Obtaining a preliminary decision
Providing a full package of documents and signing the contract
Possible collateral (or its combination)
- pledge of fixed assets (property complexes, real estate, equipment, vehicles, agricultural machinery)
- pledge of goods in turnover
- pledge of property rights under deposits placed in OTP Bank
- credit repayment guarantee of other bank acceptable for OTP Bank
- financial surety (corporate guarantee) issued by a company acceptable for OTP Bank
- financial surety of the borrower`s owners
