OTP BANK is constantly expanding the possibilities of credit programs for business, - Alla Biniashvili

JSC OTP BANK applies various mechanisms to make credit products available and interesting for as many business clients as possible. This was stated by Alla Biniashvili, Member of the Management Board of the Bank, in her speech at the international industry conference Grain Ukraine.
She reminded that since the beginning of the full-scale war, the corporate portfolio of Ukrainian banks has decreased by 20%, so now banking institutions are using various methods to resume lending to the economy.
According to Alla Biniashvili, an important advantage of OTP Bank is its systematic cooperation with international organizations that offer risk-sharing or provide grant programs for business.

In particular, with the EBRD, with which the Bank has entered into an unfunded agreement on portfolio risk sharing totaling EUR 120 million, and with the USAID Project “Investments for Business Resilience”, which allowed financing Ukrainian enterprises for more than UAH 500 million at a preferential rate of 7%.
“We carefully study risks as a responsible bank, but at the same time, we understand the current situation and see the conditions in which business operates. And thanks to risk-sharing with the EBRD, we can finance different clients.

As part of its cooperation with the USAID Business Resilience Investment Project, the Bank provides loans at preferential rates. So we have opportunities, and this is our distinctive advantage,” emphasized Alla Biniashvili.
She noted that OTP BANK has been actively applying positive international experience throughout its activities, and thanks to cooperation with the International Financial Corporation (IFC), in 2017 created a unique scoring project called Agro Factory.