The state-owned Ukrgasbank (Kyiv) has granted two loans to Kryvyi Rih totaling UAH 105.5 million for a term of seven years with a grace period of 12 months, according to information on the website of the Ministry of Finance.
According to the information, the interest rate on the loan of UAH 87.6 million is 14.5% per annum in the first year and, from the second year, a variable UIRD 12M +3% with annual review, but not exceeding 23%.
The second loan of 17.9 million is issued at a rate of 16% per annum for the first year, which from the second year is UIRD 12M + 3.62% with annual review, but also not more than 23%. It is explained that 3.62% is 16% minus the current UIRD 12M at 12.38%.
According to the National Bank of Ukraine, as of March 1, 2025, Ukrgasbank ranked fifth (UAH 217.52 billion) among 60 banks operating in the country in terms of total assets.
As reported, at the end of November last year, Ukrgasbank issued a five-year loan to the city of Dnipro for UAH 100 million with a 12-month grace period at 13.5% in the first year and UIRD 12M +3%, but not more than 23% in subsequent years.
