EBRD approved EUR 15 mln credit facility for Ukrainian business modernization

The European Bank for Reconstruction and Development (EBRD) approved a 4-year amortising senior unsecured loan of up to EUR 15 mln to OTP Leasing under the DCFTA Programme (known as EU4BUSINESS EBRD Credit Line - Finance and Advisory Programme Supporting SME).

"The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation," the Bank says in a statement.

Previously, the EBRD approved a EUR 10 mln credit facility for Grain Alliance AB. Funds will be used to increase grain receiving capacity and purchase of new agricultural machinery.