State-owned Oschadbank (Kyiv) has signed the first loan agreement for UAH 28.7 million at 9% per annum under the Affordable Loans 5-7-9% program for the installation of a 2.5 MW gas reciprocating power plant, the financial institution’s website reports.
“The client, which supplies raw materials to many Ukrainian producers of essential goods, will receive a loan of UAH 28.7 million for a period of 5 years. The capacity of the plant is 2.5 MW; this will secure production in case of a prolonged power outage,” the press release says.
The bank did not disclose the name of the company.
As reported, in the second decade of July, the government launched lending to entrepreneurs and businesses under the Affordable Loans 5-7-9 program for the purchase and installation of gas turbine, gas piston or biogas generating units. The maximum loan amount is up to UAH 150 million and the loan term is up to 10 years.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, Oschadbank ranked 2nd (UAH 415.82 billion) in terms of total assets among 63 banks in the country. Last year, the financial institution’s net profit amounted to UAH 5.98 billion.
