MHP purchased machinery from OTP Leasing worth of €5 million

The OTP Leasing company signed a leasing deal with the agroholding Myronivsky Hliboproduct (MHP) for the purchase of agricultural machinery.

This is reported by the press service of OTP Leasing.

Under the terms of the transaction, OTP Leasing will provide Case and Fendt machinery for the amount of €5 million in the period of 5 years.

"We are very pleased that we have started to finance not only in US dollars and UAH, but also in EUR. Our first customer for this product was MHP. The total limit open for MHP will be about $14 million, after €5 million will be spent. We can make large and long leasing contracts. The total amount of OTPL assets before the end of 2017 will grow to UAH 4.5 billion. We seriously overfulfil our plan for 2017," commented Andrei Pavlushin, the CEO of OTP Leasing.

It is said that the companies started cooperation in 2013, when OTP Leasing acquired the portfolio of ING Leasing. Further, in 2016, OTP Leasing approved financing of machinery for MHP for the amount of UAH 5 million. To date, MHP has 173 units of leased agricultural machinery from OTP Leasing.

Earlier it was reported, that OTP Leasing, according to the results of the Q1 2017, financed machinery amounting to $19.5 million, which is $2 million more than the planned figure.