“OTP Leasing, the largest leasing company in the Ukrainian market, has announced the launch of a new EUR20 million financing program for hybrids and electric cars in Ukraine with 10% cashback through a grant.
“We hope to sell this product in about 200 showrooms in Ukraine. I want to visit the largest ones in Kyiv and the main regional ones this year. Because we need to sell 20 million euros under this program and distribute 2 million euros in grants,” OTP Leasing CEO Andriy Pavlushin wrote on Facebook.
According to him, the program provides for the leasing of cars to legal entities with a breakdown of payments for three to four years and a wide range of models: from a small Citroen to a large Range Rover, and also covers “soft hybrids.”
The company’s CEO hopes that the program will be further enhanced by the opportunity for its participants to refund 20% VAT on hybrids.
He noted that OTP Leasing will conduct trainings for showroom salespeople and has started this work with VIDI Auto for Business, which covers such models as Suzuki, Toyota, Lexus, Peugeot, Nissan, Range Rover/Land Rover, Volvo, Ford, MG, and Jeep.
“OTP Leasing is a subsidiary of the Hungarian OTP Bank. According to the EBRD, the company with a leasing portfolio of about UAH 15 billion at the end of the third quarter of 2024 occupied about 40% of the Ukrainian market.
In the first quarter of 2025, OTP Leasing’s revenue decreased by 20.8% compared to the first quarter of 2024 to UAH 383.1 million, while net profit increased 2.3 times to UAH 346.0 million.
