RLF - RLG - OTPU 2024 II (UIF 2)

signed

A EUR 60 million 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 200 million equivalent (the "Covered Portfolio") to be originated by JSC OTP Bank ("OTPU", the "PFI") in Ukraine. The facility will be provided in three tranches: Tranche A of EUR 22.5M of EBRD's guarantee to cover EUR 75M of the Covered Portfolio; Tranche B of EUR 15M of EBRD's guarantee to cover EUR 50M of the Covered Portfolio, and Tranche C of EUR 22.5M of EBRD's guarantee to cover EUR 75M of Covered Portfolio. Tranche B and C remain uncommitted. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55782). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects.