RLF - RLG - OTP Bank Ukraine 2024

signed

A Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 120 million equivalent (the "Covered Portfolio") to be originated by JSC OTP Bank ("OTPU", the "PFI") in Ukraine. The Project will be delivered in two equal tranches each including EUR 15 million of EBRD's guarantee to cover EUR 60 million of the Covered Portfolio with Tranche B being uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 55095) of up to €18 million or 15% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.