PROJECT

Projects

Summary of Investment Information

Project Number

48679

Company Name

OTP Bank Nyrt.

Date SPI Disclosed

Jan 29, 2024

Country

Southern Europe Subregion

Region

Europe

Projected Board Date

Jan 11, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 21, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jan 11, 2024
Signed : Jan 23, 2024
Invested : Jan 31, 2024

Sector

Commercial Banking - General

Project Description

The Project comprises an investment for IFC’s own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible senior preferred (SP) or senior non-preferred (SNP) or Basel 3 Tier 2 financing to be provided to OTP Bank Plc (OTP or the Bank). The proceeds of the investment will be earmarked for financing eligible climate-related and social SME related assets in Bulgaria, Croatia, and Serbia (with the list of the Target Markets to be potentially expanded).                                                   

  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation