Business news from Ukraine

Business news from Ukraine

ECA insured UAH 50.5 mln of exporters’ loan agreements

15 October , 2023  

In September, the Export Credit Agency (ECA) insured exporters’ loan agreements worth UAH 50.5 million, according to the ECA website.

It is specified that the volume of supported exports for the month amounted to UAH 162.8 million.

The most popular categories of goods for export in September were (by foreign economic activity groups) processed vegetables, ferrous metal products, and finished products made from grain, flour, starch, and milk, while the counterpart countries were Poland, the Czech Republic, the Netherlands, Germany, and Lithuania.

The top three partner banks were Ukrgasbank (UAH 71.1 million of supported exports and UAH 21.9 million of financing), Oschadbank (UAH 52.8 million and UAH 20.6 million), and Kredobank (UAH 38.9 million and UAH 8 million), respectively.

This year, Ukrgasbank ranks first (UAH 1.35 billion of exports supported and UAH 159 million of loans disbursed), Raiffeisen Bank is second (UAH 605 million and UAH 210 million), and Oschadbank is third (UAH 584.7 million and UAH 128.67 million).

In September, entrepreneurs from Ivano-Frankivsk region were the most active in insuring their loans received under export contracts with the ECA (the amount of contacts amounted to UAH 51.5 million and the amount of loans was UAH 11.9 million), Dnipropetrovs’k region (UAH 38.9 million and UAH 8 million), Ternopil region (UAH 29.24 million and UAH 18.3 million), Zakarpattia region (UAH 23.55 million and UAH 2.3 million), and Rivne region (UAH 19.63 million and UAH 10 million).

In the first nine months of this year, ECA and its partner banks found the largest number of customers in Kyiv (UAH 311.27 million of insured loans), as well as in Dnipropetrovska (UAH 53.63 million) and Vinnytska (UAH 10.5 million) regions.

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