IFC is establishing a risk-sharing facility of EUR 20 million for each of OTP Bank and OTP Leasing to support SMEs. The International Finance Corporation will assume half of the risks on the aggregate portfolio of EUR 40 million covering key segments of the Ukrainian economy.
These are the first risk-sharing credit lines in Ukraine under IFC’s Small Loan Guarantee Program. The program is supported by the European Commission and will help to save jobs, restore supply chains, and boost export and tax revenues.
IFC, a member of the World Bank Group, is the largest global development institution operating in more than 100 countries, using its capital, expertise and influence to create markets and opportunities in developing countries.
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