52815 - SME+ RSF OTP Leasing Ukraine

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Summary of Investment Information

Project Number

52815

Company Name

OTP Leasing LLC

Date SPI Disclosed

Jul 2, 2026

Country

Ukraine

Region

Europe

Projected Board Date

Jul 20, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Jul 2, 2026

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Sector

Leasing Services

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of an unfunded risk sharing facility (RSF) with LLC OTP Leasing (OLU or the Company) for a portfolio of up to €50 million consisting of eligible leases to small, medium-sized enterprises (SMEs) and larger companies (SME+) in Ukraine, where IFC’s risk participation will be up to 50 percent. The objective of the Project is providing the Company with a de-risking instrument and helping it expand leasing to SMEs and SME+, including underserved groups in agribusiness, women-owned, led by or employing youth, veterans and/or other similar groups (collectively, Target Groups). Up to 100 percent of the RSF portfolio would be earmarked to financing sustainable projects in renewable energy, energy efficiency and climate smart agriculture (Sustainable Solutions), including at least 20 percent allocation to Target Groups.

Associated Advisory Engagement

IFC will support OLU in enhancing its sustainable finance practices, particularly in climate mitigation and adaptation financing, by complementing the Sustainable Solutions component with operational implementation support to help the Company expand its sustainable finance portfolio. A separate advisory engagement on Target Groups is expected to support OLU’s efforts to scale its outreach towards these vulnerable segments.

Sponsor / Cost / Location

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Guarantee	Others (only if UoP is not available)

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

The most significant expected project-level outcome is increased access to finance for SMEs and SME+ to support investments in Sustainable Solutions and Target Groups. The Project will promote resilience of the enterprise finance market in Ukraine as part of IFC’s systemic intervention under the Economic Resilience Action (ERA) Program for Ukraine and the programmatic approach to scale up private sector financing in Ukraine.

E&S Category Rationale / Risks and Mitigation

The Project is categorized as FI-2 in accordance with IFC’s Sustainability Policy. The Company will be required to screen out any activities that do not meet eligibility criteria, including but not limited to IFC Exclusion List activities, activities related to production and trade of radioactive materials, any coal-related activities, hydropower plants, offshore windfarms and solar photovoltaic (PV) installations except for the acquisition by lessees of small-scale solar photovoltaic installations and/or lessees involved in higher-risk business activities that may include: (i) involuntary resettlement, (ii) risk of adverse impacts on indigenous peoples, (iii) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, (iv) significant retrenchment risks, or (iv) significant occupational health and safety risks (e.g., risk of serious injury or fatality to workers).
The Project’s main risks & impacts are associated with the capacity to screen out projects which do not meet eligibility criteria, including higher risk transactions, and to implement procedures to assess and monitor the environmental and social (E&S) risks of the target assets. The main E&S risks of the supported portfolio are expected to be of a medium nature and potentially related to labor and working conditions, pollution prevention risks and community impacts. IFC’s applicable E&S requirements for the project will be the IFC Exclusion List, the applicable E&S national laws and regulations, and screening out higher-risk transactions as contemplated in the Performance Standards (PS). The Company will additionally be required to maintain alignment with the requirements of IFC’s Performance Standard 2 on Labor and Working Conditions and life and fire safety requirements.

OLU has developed an E&S Risk Management Procedure for the IFC Risk Sharing Facility under the previous project, which establishes a structured framework for screening, assessing, controlling, and E&S risks in financed leasing transactions. Leased assets are classified into low, medium, or high risk categories based on their potential impacts. The procedure refers to IFC PS and applies strict exclusions, prohibiting financing for activities on the IFC Exclusion List, coal related projects, and certain high risk activities such as involuntary resettlement, significant biodiversity impacts, or occupational health and safety hazards. OLU’s E&S management system (ESMS) uses a two-filter screening approach. The process includes automated checks via the company’s SMART IT system, validation by risk managers, and application of standard E&S due diligence. E&S risk management is led by the Risk Management Division, supported by trained compliance and commercial staff, with designated personnel responsible for maintaining procedures, conducting screening, overseeing mitigation, and performing periodic reviews. Internal capacity is supported by tools and workflows, dedicated focal points for E&S risk, and a commitment to ongoing staff training to ensure up to date expertise. The Company also maintains a grievance mechanism with multiple access channels, including anonymous reporting, which covers both employees and external stakeholders.

For this project the Company will maintain a procedure that incorporates all activities, which are ineligible for financing under this project. Additionally, OLU will need to develop and implement anti-sexual harassment policy, including provisions on appropriate grievance mechanism for sexual exploitation, abuse, assault, and harassment (SEAH) cases and capacity-building for staff dealing with such cases to appropriately manage those and introduce training on prevention of SEAH during employee induction and then regularly as refresher courses.

S.no	Title	Anticipated Completion Date
1	Enhance HR policy and procedures	11/30/2026
2	Training	11/30/2026

Contacts

For Inquiries About the Project, Contact

LLC OTP Leasing
Oksana Belbas
Chief Financial Officer
+380-44-500-1000
Oksana.Belbas@otpleasing.com.ua
Kyiv region, Ukraine, 08129
http://otpleasing.com.ua/

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This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

	IndicatorMetrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Number of Outstanding Loans, Climate	number	Number of outstanding leases (Clean Energy Solutions).	Not Available	Not Available	Not Available
Volume of Outstanding Climate Loans	USDMill	Volume of outstanding leases (Clean Energy Solutions).	Not Available	Not Available	Not Available

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