The European Bank for Reconstruction and Development (EBRD) has granted a loan of up to EUR50 million to Nova Poshta LLC, part of the Nova Group, to finance part of its capital investment program for 2025-2026.
According to the bank’s press release on Friday, the loan will be multi-currency with the option of drawing funds in hryvnia and euros and will consist of two tranches: the first tranche of EUR35 million will be provided upon signing, and the second tranche of EUR15 million will be reserved by the bank at its sole discretion.
According to the release, Nova Poshta’s development strategy supported by the loan includes improving physical infrastructure, optimizing and expanding the network, modernizing IT systems, improving energy management and restoring human capital, as well as decarbonization and wider access for women.
The total cost of the project is EUR69.1 million, according to the announcement.
The EBRD financing is guaranteed by a first loss guarantee covering 15% of the EBRD loan amount provided by the European Union (EU) under the Ukraine Investment Framework for Municipal Infrastructure and Industrial Resilience (UIF MIIR).
An investment grant of up to EUR1.5 million is also expected to be provided to support decarbonization and human capital restoration programs supported by the TaiwanBusiness-EBRD Technical Cooperation Fund and the Crisis Response Special Fund (CRSF).
According to the release, in 2024, Nova Poshta set a new record by delivering 429 million shipments, 16% more than in 2023, and the significant growth in demand, in turn, created a need for further expansion.
Nova Poshta is the main operating subsidiary of the Nova Group, which is owned by two Ukrainian businessmen, Vyacheslav Klimov and Volodymyr Poperechnyuk. It operates a network of over 39,000 service points and has around 33,000 employees in Ukraine, serving over 11 million customers every month.
The EBRD has been successfully cooperating with Nova Poshta since 2018, financing four of its projects during this time.
According to Nova Poshta’s financial report for the first quarter of 2025, its consolidated net income increased by 20.7% compared to the first quarter of last year, to UAH 14.3332 billion, while net profit decreased by 21.4%, to UAH 567.7 million. The ultimate beneficial owners of the company are Volodymyr Poperechnyuk and Vyacheslav Klimov.
