Raiffeisen Bank has launched financial leasing for business clients in Ukraine and has signed its first agreement under this new initiative with one of Ukraine’s leading agricultural producers, the bank’s press office reported.
Under the first agreement, the agricultural producer will upgrade its fleet of machinery. Going forward, the bank’s clients will be able to use financial leasing to purchase agricultural machinery and equipment, passenger and cargo vehicles, commercial vehicles, and other fixed assets.
“Businesses today need solutions that allow them to continue investing, modernize production, and plan for growth even amid a full-scale war. The launch of financial leasing expands these opportunities for our clients,” said Natalia Gurina, Chair of the Management Board of Raiffeisen Bank.
The bank plans to develop this service for Ukrainian and international companies operating and investing in Ukraine.
The launch of this new instrument draws on the experience of the international Raiffeisen Bank International (RBI) group, where financial leasing is already in use in other European markets. Harald Kröger, Deputy Chairman of the Supervisory Board of Raiffeisen Bank and Head of Structured Finance and Investment Banking at the RBI group, assesses the potential for its development in Ukraine as significant.
As previously reported, in late 2024, the then-Chairman of the Management Board of Raiffeisen Bank, Oleksandr Pysaruk, announced in an interview with the Interfax-Ukraine news agency the financial institution’s intention to resume plans to develop its leasing business in Ukraine. According to him, even before the full-scale war, the bank had already reached an agreement with its shareholder to ramp up the leasing company’s operations and was preparing a corresponding business plan.
At the time, Pysaruk expressed hope that the bank would be able to resume implementing these plans as early as 2025.
Raiffeisen Bank is the largest Ukrainian bank with foreign capital. Since October 2005, the bank has been part of the Austrian banking group RBI. Currently, the Raiffeisen Group owns 68.21% of the bank’s shares, while the European Bank for Reconstruction and Development holds 30%.
According to the National Bank, as of August 1, 2026, with total assets of 282.37 billion UAH, it ranked fourth among Ukraine’s 59 banks.
Ferrexpo, a mining company with its main assets in Ukraine, has secured a $15 million credit line from Fevamotinico SaRL, a company owned by Minco Trust, whose ultimate beneficiary is businessman Konstantin Zhevago.
According to a stock exchange announcement, Ferrexpo plc has entered into a loan agreement with its largest shareholder, Fevamotinico, which will provide an unsecured credit line in the principal amount of $15 million.
The purpose of the loan is to provide the company with immediate access to liquidity until the completion of the capital raising process totaling approximately $100 million, as announced on September 4, 2026, as well as to support working capital needs and production operations, which resumed on September 7. The loan effectively serves as an advance payment of a portion (approximately $40 million) of the funds that Fevamotinico has committed to contribute as part of the capital raising.
It is specified that interest on the loan is accrued at a rate of 9.75% per annum; the maturity date is 12 months after the date the funds are disbursed. Repayment of the loan, together with accrued interest, will be made by offsetting the amounts that Fevamotinico is required to pay to Ferrexpo under the share subscription agreement following the company’s listing. This loan is subordinated; therefore, claims under it will be satisfied after the claims of the company’s existing unsecured creditors.
If the general meeting to be held on September 21, 2026, does not approve the capital raise or if the placement agreement is terminated, the company may decide to repay the loan by issuing new common shares at the placement price (or, if the fair market value is lower than the placement price, at such lower price as agreed upon by the company and Fevamotinico), subject to compliance with all legal or regulatory requirements regarding such issuance of shares, including obtaining prior approval from independent shareholders.
In addition, as long as the loan remains outstanding, the loan agreement restricts the group members’ ability to raise debt or provide collateral for obligations, except for those falling within specified permitted categories (in particular, a potential credit line to finance trade transactions, as well as certain agreements entered into in the ordinary course of business or between group companies) .
The terms of the loan provide for certain standard events of default that entitle Fevamotinico to demand early repayment of the loan. However, Fevamotinico has agreed not to take any action to collect the loan debt in cash prior to its maturity date. The loan agreement also contains a standstill provision, under which Fevamotinico undertakes not to make any claims against Ferrexpo or to initiate proceedings for its liquidation, external administration, or any other insolvency-related proceedings, nor to facilitate such actions by other parties.
If the fundraising does not take place and the placement agreement is terminated, the principal amount of the loan, together with accrued but unpaid interest, will be due for repayment in cash on the maturity date, unless the alternative repayment mechanism described above—involving the transfer of shares—is successfully implemented. If Ferrexpo is unable to repay the loan in cash by the specified deadline, and the alternative repayment mechanism involving shares is not implemented, the company will have to raise additional financing or negotiate other terms for settling the debt with Fevamotinico.
Fevamotinico is a related party of Ferrexpo under the UK Listing Rules, as it is a significant shareholder of the company and has the right to vote (or control the exercise of voting rights) with respect to 49.27% of the votes at the general meeting of shareholders. Accordingly, the granting of the loan is considered a related-party transaction.
The company’s directors consider the terms of the loan to be fair and reasonable in the interests of the shareholders. The Board of Directors received appropriate advice from BDO LLP, which acts as the company’s sponsor. In providing this advice to the directors, BDO LLP took into account the commercial assessment of the loan conducted by the directors themselves.
Ferrexpo owns a 100% stake in Yeristovsky GOK LLC, a 99.9% stake in Bilanivsky GOK LLC, and 100% of the shares in Poltava GOK PJSC.
As of August 24, the volume of lending to Ukraine’s agricultural sector had increased by 25 billion hryvnias compared to the same date in 2025—reaching 105 billion hryvnias, Minister of Agrarian Policy and Food Taras Vysotsky announced at a briefing on Friday.
“An additional 2 billion hryvnias in loans were issued over the past week. Overall, looking at the total as of today, the figure stands at 105 billion hryvnias as of August 24. This is 25 billion more than on the same date last year. Lending options are expanding,” he said.
As previously reported, according to Cabinet of Ministers Resolution No. 1012 dated August 13, 2026, agricultural producers are now able to obtain preferential loans under the government’s “5-7-9%” program for up to 90 million hryvnias to finance their operations, without the requirement that the funds be used for investment purposes.
Previously, loans to replenish working capital were capped at 5 million hryvnia.
As reported, the Ukrainian Maritime Corridor ceased operations on July 22 following enemy attacks. Farmers appealed to the government for assistance due to a sharp drop in market prices, difficulties with exporting their products, and the need for additional funds for storage.
Since the beginning of the year, 6,864 agricultural enterprises have raised 46.29 billion UAH under the state program “Affordable Loans 5-7-9%,” according to the press service of the Ministry of Agrarian Policy and Food of Ukraine.
The program was most actively utilized in the Odesa (6.14 billion UAH for 817 agricultural enterprises), Kyiv (4.49 billion UAH for 577 agricultural enterprises), Kirovohrad (4.26 billion UAH for 817 agricultural enterprises), Vinnytsia (4.12 billion UAH for 731 agricultural enterprises), and Kharkiv (3.17 billion UAH for 402 agricultural enterprises) regions.
In total, since the beginning of the year, 11,887 agricultural enterprises have secured over 105.63 billion UAH in loan funds through all financing programs.
In 2025, 15,574 agricultural enterprises received 131.47 billion UAH in bank loans for development.
Under the state program “Affordable Loans 5-7-9%,” 7,978 farms were financed in the amount of 53.76 billion UAH.
agricultural enterprise, agricultural sector, FINANCING, LOAN, MINISTRY OF AGRARIAN POLICY
Ukrainian Investment and Analytical Company LLC (UIAC, Dnipro), which is engaged in automobile sales and financial leasing and is part of the non-bank financial group “Planetgroup,” has registered its debut public offering of five-year bonds with an annual offering of 50 million UAH.
According to the offering prospectus on the company’s website, the bonds have a face value of 1,000 UAH, an interest rate of 25% per annum in the first year of circulation, and quarterly coupon payments; for subsequent years, the rate will be determined separately within the range of 5–35% per annum.
The bond offering is scheduled to take place from August 25 to September 8 of this year through the PFTS stock exchange. The underwriter is the investment firm “Univer Capital” (both based in Kyiv).
“100% of the total funds raised (up to 50 million UAH) will be used to expand the leasing portfolio, increase the volume of financial leasing services, and optimize the financing structure,” the prospectus states regarding the purpose of the fundraising.
In the first half of this year, UIAK increased its revenue by 39.6% to 29.78 million UAH and its net profit by 41.5% to 3.09 million UAH.
Its total assets have grown by 27.6% since the beginning of the year—to 34.72 million UAH—and its equity has increased by 14.7%—to 24.14 million UAH.
Last year, UIAK increased its revenue nearly 2.9-fold to 40.68 million UAH and maintained a net profit of 3.02 million UAH.
According to the prospectus, revenue is projected to reach 50 million UAH in 2026 and 52.8 million UAH the following year, while net profit is projected to be 5.0 million UAH and 5.4 million UAH, respectively. In 2030, these figures are expected to rise to 58.8 million UAH and 6.3 million UAH, respectively, while assets are projected to reach 61.0 million UAH and equity is expected to reach 48.6 million UAH.
In the summer of 2025, the company secured a one-year revolving credit line from A-Bank in the amount of 1.38 million UAH at an annual interest rate of 18.9% to replenish working capital.
Andriy Kovtun and Tetiana Yagupova are the co-owners of UIAK. Kovtun is also the controlling shareholder of “Planetgroup,” which also includes “AK Plus” LLC and “Avtokredit Plus” LLC.
State-owned PrivatBank and Limagrain, one of the world’s largest seed companies, have launched two partnership financing programs for agricultural producers ahead of the fall planting season, the bank’s press service reported.
“We are expanding financing options and offering farmers new tools that are more effective and convenient, given the specific nature of agricultural production,” the press service quoted Mykhailo Kovalov, head of PrivatBank’s Department of Documentary Operations and Trade Finance, as saying.
According to the announcement, farmers can take advantage of a working capital financing program to purchase seeds and a promissory note program, which allows for flexible payment planning and optimizes the financial burden on the farm.
The bank noted that both programs offer preferential financing terms as well as a simplified application process.
For more details on the loan terms, please contact Limagrain Ukraine managers or visit your nearest PrivatBank branch.
Limagrain—a seed company founded by farmers in France over 50 years ago—ranks fourth in the global seed industry. The company has been operating in Ukraine since 2008. The main crops it breeds include corn, sunflower, rapeseed, spring and winter wheat, and spring and winter barley (for feed and brewing). The company’s global network of branches spans 56 countries. Each year, the company invests approximately 14% of its revenue in research.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).
The state-owned bank noted that, according to regular Brand Health Tracking surveys for the first quarter of 2026, the level of trust in it is higher than that of other financial institutions on the market and stands at 49%. The bank attributes this to the availability of accessible, personalized, and digitized products for its customers.
