OTP Leasing LLC, the largest player in the market, has already purchased agricultural equipment worth UAH 100 million since the beginning of the war and intends to increase purchases to UAH 1 billion this spring, Andriy Pavlushin, CEO of the leasing company, said.
“The vast majority of customers paid their monthly payments even in these terrible 50 days of war,” he wrote on his Facebook page.
Pavlushin added that the company also helped the Ukrainian army for UAH 58 million in cars, trucks and money, and continues to do so.
On April 6, the CEO announced that after a 41-day break, OTP-Leasing again began financing existing proven agricultural clients of medium and small businesses, “those clients who paid invoices for March on time.”
Pavlushin then indicated that he had bought tractors and seeders for UAH 70 million during the week.
OOO “OTP Leasing” is a part of the European financial group OTP Group. The company was founded in June 2008 as a subsidiary of OTP Bank. Currently, according to the CEO, the company has 2,000 customers and 170 employees.
The company’s revenue for 9 months of 2021 decreased by 44.2% – to UAH 99.71 million, while net profit almost doubled – by 95.7%, to UAH 463.3 million, and assets increased by 31.5% – up to UAH 15.11 billion, including long-term receivables – by 29.2%, up to UAH 14 billion.
AGRICULTURAL MACHINERY, OTP LEASING, WAR
