OTP Leasing (OTPL), one of the Partner Financial Institutions under the EU4Business-EBRD Credit Line, successfully disbursed the first tranche of EUR 10 million at the beginning of 2019 by leasing equipment to micro, small and medium-sized enterprises (MSMEs). More than 70 clients of OTPL that received financing for equipment leasing also received a grant incentive from the European Union under the EU4Business initiative, amounting to 10 per cent of the leasing contract value.

At the end of August this year, the EBRD concluded a new loan agreement with OTPL and allocated the new tranche of EUR 10 million to continue its support to MSMEs. In Ukraine, the EU4Business-EBRD Credit Line allows micro, small and medium-sized enterprises to modernise their production, increase their competitiveness and bring production processes in line with EU standards and compete effectively in European markets.