Sayenko Kharenko acted as Ukrainian legal counsel to International Finance Corporation (IFC) on the EUR 20 million risk-sharing facility for each of OTP Bank and OTP Leasing. IFC will share half the risk on an aggregate portfolio of EUR 40 million to be extended to medium-sized enterprises across Ukraine, especially those in agribusiness or women-owned businesses.
These are the first risk-sharing facilities IFC provides in Ukraine under IFC’s Small Loan Guarantee Program supported by the European Commission. These instruments are expected to help preserve jobs, provide essential goods and services, restore supply chains, and generate exports and fiscal revenues.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. In fiscal year 2022, IFC committed a record USD 32.8 billion to private companies and financial institutions in developing countries.
Sayenko Kharenko’s team was led by partner Igor Lozenko and included senior associates Oles Trachuk and Denis Nakonechnyi and junior associates Yevgen Koval, Polina Savinska and Sofya Tatarinova.
