“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.
The European Bank for Reconstruction and Development (EBRD) and OTP Leasing have agreed on a new EUR40 million credit line, the company’s CEO Andriy Pavlushin said after a meeting with Ukrainian banks and financial companies organized by the EBRD in London.
“We agreed today on a new EUR40 million line, and we will sign it soon. There will be cashbacks for companies owned by veterans or war victims of up to 20% of the financing amount,” he wrote on his Facebook profile.
Pavlushyn noted that since the beginning of this year, OTP Leasing has financed $125 million worth of products, which, according to him, is 50% more than in 2023. The CEO emphasized that instruments from the EBRD significantly contribute to this result.
OTP Leasing provides financial leasing and fleet management services to corporate clients and micro, small and medium-sized enterprises across the country. The ultimate owner of the company is OTP Bank Plc. (Hungary).
In an unstable economy, bank confidence remains an important component of doing business in Ukraine. OTP Leasing remains a reliable partner of Prometey.
The acquisition of freight transport through the leasing program from OTP Bank allowed the company to receive long-term investments in difficult military times.
As Andriy Pavlushin, CEO of OTP Leasing, explains: “Today we have 2.5 thousand customers. It is clear that first of all we try to support them and cooperate with them. A good example is the Prometey company. It has many elevators across the country. And when the company decided to increase the number of trucks, we helped them do it. And now this synergy pays off well – Prometey accepts grain at its elevators and has the opportunity to export it.”
As a financial institution, OTP Leasing faces different cases of payments. According to Andriy Pavlushyn, “in any case, one of the main factors is the integrity of the client. For example, we have not had any problems with Prometey, they pay for leasing on time.”
In the near future, Prometey plans to expand its grain carrier fleet to 100 vehicles.
The International Finance Corporation (IFC) is launching a EUR20 mln risk-sharing facility for the Ukrainian subsidiaries of Hungary’s OTP Bank: OTP Bank and OTP Leasing, to support small and medium-sized enterprises (SMEs), especially those operating in the agribusiness sector or owned by women.
“IFC assumes half of the risk on a combined EUR40 million portfolio covering key segments of the Ukrainian economy,” the corporation said in a press release on Friday.
It is specified that these will be the first risk-sharing arrangements in Ukraine under the IFC Small Loan Guarantee Program, which is supported by the European Commission and which will help save jobs, provide essential goods and services, restore supply chains, as well as generate export revenues and budget revenues.
IFC recalls that in 2021, SMEs accounted for 99.97% of all enterprises in Ukraine, generated about 60% of gross domestic product (GDP) and employed more than 7 million people. SMEs suffered significant losses in the second half of 2022, and now only 6% of them are doing business at the same levels as before Russia’s full-scale invasion.
“A strong private sector is key to Ukraine’s economic revival. Expanding access to finance for businesses is critical to counteract the macroeconomic instability and supply chain disruptions that are now severely hampering economic activity in the country,” IFC Vice President for Europe, Latin America and the Caribbean Alfonso Garcia Mora was quoted as saying in the release.
He added that IFC aims to ensure access to credit and stimulate innovation as a key prerequisite for Ukraine’s recovery.
As reported, initially IFC from the World Bank Group considered the project of providing partial risk coverage of new financing for Ukrainian OTP Bank and OTP Leasing for EUR60 mln – EUR30 mln for each financial institution, estimating its possible participation in risk coverage up to EUR30 mln.
OTP Bank was the eighth among 65 Ukrainian banks in terms of total assets (103.33 billion UAH) at the beginning of June this year. The Bank has 75 branches in Ukraine.
“OTP Leasing is the largest leasing company in Ukraine with the share of about 45% according to the results of the first quarter of this year. The CEO of OTP Leasing Andrey Pavlushin reported earlier that in the first half of 2023 the company financed Ukrainian clients for UAH 2.2 billion, which is 3-4% more than the indicator of the first half of 2022.
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.
