Globus Bank has issued 55 loans totaling UAH 42 million in more than two months since the start of its preferential energy lending programs, said Dmitry Zamotayev, director of the retail business department at Globus Bank.
He specified that 26 loans were issued to private households for UAH 10 million, 13 loans for UAH 14 million were granted to small and medium-sized businesses, and 16 loans for UAH 18 million were financed by condominiums participating in the Energodom and Grindim programs from the Energy Efficiency Fund, including condominiums and housing cooperatives under the state program Affordable Loans 5-7-9. The bank has issued energy loans in 16 cities of Ukraine, and is currently processing a total of 27 more applications for energy loans.
According to him, this result can be considered quite acceptable, and the growing demand for energy loans may eventually be transformed into liberalization of credit conditions.
“So far, we have seen a rapid growth in demand for such loans from households – in October, the bank plans to triple its loan portfolio under energy loan programs,” Zamotayev emphasized.
The expert pointed out that the main reasons for loan denials are borrowers’ failure to comply with the terms of participation in the programs. For example, for individuals, it is a high total monthly family income for six months that exceeds the amount of UAH 189 thousand provided for in the program, or the total area of the house exceeds 250 square meters. For condominiums and housing cooperatives, loan denials are extremely rare, as only those organizations that have no debts or have insignificant debts to utility companies can apply.
Globus Bank was registered in 2007. According to the NBU, as of April 11, 2023, the bank’s shareholders were Elena Silnyagina (100%), Dmitry Polkovsky (16.198866%), Yevgeny Varyagin (9.899307%), Sergey Mamedov (9.899307%), Andrey Pinchuk (9.899307%) and Taras Lesovoy (3.599748%), who indirectly own the authorized capital.
According to the National Bank of Ukraine, as of May 1, 2024, Globus was ranked 26th (UAH 9.4 billion) among 60 banks operating in the country in terms of total assets. As of April 2024. The regional network includes 31 branches
Globus Bank has issued the first loan for the purchase and installation of solar power plants in apartment buildings with a capacity of 30 kWh under the 5-7-9 program, the bank’s press service reports.
The borrower is Greenwood Housing Association (Lviv region, village of Bryukhovychi), which serves two apartment buildings with 50 apartments. The loan amount was UAH 1.23 million and the maturity was 3 years, with no down payment and no collateral.
According to the terms of the 5-7-9 program for condominiums, the compensation rate for the loan is 7% for the first year of repayment. Subsequently, the rate will depend on the base interest rate (the Ukrainian index of rates on retail deposits), but will not exceed 20% per annum.
Yulia Svyrydenko, First Vice Prime Minister and Minister of Economy of Ukraine, said that due to the expansion of the “Affordable Loans 5-7-9%” program, condominiums and housing cooperatives can apply to one of 46 authorized banks and receive a loan of up to UAH 5 million for up to 5 years at 7% per annum.
“Since the beginning of the summer, twenty Ukrainian banks, both state-owned and private, have approved UAH 4.3 billion worth of loans (for condominiums and housing cooperatives) under all programs,” she said.
According to Olena Pasternak, the head of Greenwood Housing Association, the complex is also a participant in the Grindim program, which guarantees reimbursement of up to 70% of the costs of equipment for solar power plants. In addition, the condominium will receive 30% of the loan amount as part of the Program for reimbursement of part of the loans received by condominiums and housing cooperatives for the implementation of energy saving measures, reconstruction and modernization of apartment buildings in Lviv in 2015-2025.
According to Serhiy Mamedov, Chairman of the Board of Globus Bank, a loan for the purchase and installation of autonomous solar power plants is also a profitable investment for those condominiums that are not members of the Grindim program or compensation programs from local authorities, as the payback period for solar power plants can be up to four years.
For example, at 7% interest rates for the first year of the loan and theoretically maximum rates for 2-3 years of loan repayment (up to 20% per annum), the total loan amount for the installation of a 30 kWh SPP for a standard apartment building with 100 apartments will be about UAH 1.8 million. That is, the financial burden for the installation of a solar power plant for each apartment will be equal to UAH 18 thousand, which is only UAH 500 per month. Taking into account the July tariff increase, the average cost per apartment for electricity, including the installation of a solar power plant, will be up to UAH 2 thousand per month.
“Energy loans for condominiums can become a real mainstream, as it is a way to complete energy independence. In addition, the high payback period will encourage condominiums to participate more actively in energy lending programs,” Mamedov summarized.
Globus Bank was registered in 2007. According to the NBU, as of April 11, 2023, the bank’s shareholders were Elena Silnyagina (100%), Dmitry Polkovsky (16.198866%), Yevgeny Varyagin (9.899307%), Sergey Mamedov (9.899307%), Andrey Pinchuk (9.899307%) and Taras Lisovoy (3.599748%), who indirectly own the authorized capital.
According to the National Bank of Ukraine, as of May 1, 2024, Globus was ranked 26th (UAH 9.4 billion) among 60 banks operating in the country in terms of total assets. As of April 2024. The regional network includes 31 branches.
Globus Bank has issued UAH 2 million worth of loans to individuals in the first week of its Solar Loans program, and receives up to 10 applications daily, the bank’s press service reports.
According to the press release, the first loans under the program were issued in late July to customers in Poltava and Rivne. Thus, borrowers received loans of UAH 480 thousand for five and 10 years to purchase hybrid power supply systems consisting of solar panels, an inverter and a battery.
“Ukrainians are very positive about the government’s program of preferential lending for the purchase of renewable energy sources. In my opinion, such programs are a significant opportunity to strengthen the energy independence of an individual citizen, and thus the entire country,” commented Serhiy Mamedov, Chairman of the Board of Globus Bank, on the program launch.
According to his forecast, in the fall, the volume of solar loans issued may reach 100, worth more than UAH 40 million.
As reported, at the end of June, Globus and 16 other Ukrainian banks, which account for 83% of all assets, signed a memorandum on financing projects to implement innovative energy solutions for a period of five to seven years at the discount rate.
Globus Bank was registered in 2007. According to the NBU, as of April 11, 2023, the bank’s shareholders were Olena Sylniagina (100%), Dmytro Polkovsky (16.198866%), Yevhen Varyagin (9.899307%), Serhiy Mamedov (9.899307%), Andriy Pinchuk (9.899307%), and Taras Lisovyi (3.599748%), who indirectly own the authorized capital.
According to the National Bank of Ukraine, as of May 1, 2024, Globus was ranked 26th (UAH 9.4 billion) among 60 banks operating in the country in terms of total assets. As of April 2024. The regional network includes 31 branches.
DIM Group of Companies announced the beginning of strategic partnership with Globus Bank, obtaining bank accreditation and introducing a joint mortgage program for the capital’s residential complex A136, the developer’s press service reported.
“DIM Group has expanded opportunities for investors because of bank mortgages in the business class segment. Now, the bank-partner “Globus” offers clients to take advantage of a mortgage loan for up to 20 years for the purchase of apartments, penthouses, apartments in A136 Highlight Tower on Antonovicha Street. Bank mortgage is a convenient and reliable mechanism for investments, leveling the risks associated with the martial law in the country” – says the managing partner of DIM Alexander Nasikovsky.
A136 Highlight Tower (Antonovicha Street, 136-138) is a business class project, a 33-storey building with a total of 324 apartments, with a closed territory and underground parking. The declared commissioning date is Q4 2024. At the moment, according to the portal LUN, the price – from 94.05 thousand UAH/sq.m.
DIM in partnership with Globus Bank offers clients a range of new opportunities to invest in real estate . One of the key services is offering commercial loans for individual investors for up to 20 years and fixing the value in UAH.
DIM Group was founded in 2014 and consists of six companies covering all stages of construction . To date, it has commissioned 12 houses in six residential complexes with a total residential area of more than 218 thousand sq. m. Six residential complexes of “comfort +” and “business class” category are under construction: “New Autograph”, “Metropolis”, Park Lake City, Lucky Land, A136 Highlight Tower, Olegiv Podil.
Globus Bank was registered in 2007. According to the NBU, as of April 11, 2023 the shareholders of the bank were Elena Silnyagina (100%), Dmytro Polkovsky (16.198866%), Eugene Varyagin (9.899307%), Sergey Mamedov (9.899307%), Andrey Pinchuk (9.899307%) and Taras Lesovy (3.599748%), owning the authorized capital indirectly.
According to the National Bank of Ukraine as of September 1, 2023, Globus ranked 24th (UAH 9.07 billion) among 60 banks operating in the country in terms of total assets.
The volume of car loans may increase by at least 15-20% this year, according to Serhiy Kyporenko, Head of Car Lending at Globus Bank (Kyiv).
“With some caution, we can expect that in 2024 the terms of car purchases will become even more loyal to the borrower, and the number of cars purchased on credit may increase accordingly,” he said in a press release.
Kyporenko emphasized that further growth in car lending will largely depend on the economic situation, which will primarily affect the ability of banks to raise funds for the development of loan products.
According to him, the reduction of the discount rate last year from 25% to 15% per annum had a positive impact on the bank credit market, which resulted in a significant easing of car loan conditions, with car loan rates, depending on the maturity, down payment and total cost of the car, falling by an average of 2-3 percentage points to 10% per annum.
“That is why since the second half of 2023, and especially in the fourth quarter, the number of cars purchased on credit has increased by almost 30% compared to the beginning of the year,” Kyporenko said.
According to the bank, the role of cooperation between commercial banks and car dealers has significantly increased in the market, which has introduced a number of flexible programs that allow a citizen to obtain a loan depending on his or her income: for a longer period of up to seven years for new cars and 10-12 years for used cars with a minimum down payment of 10% of the car’s value.
It is noted that favorable conditions under trade-in programs have become an important change for buyer-borrowers.
Kiporenko, referring to data from the AUTO-Consulting portal, said that at the end of 2023, the number of cars purchased, including on credit, exceeded 65 thousand, which, in turn, is 62% higher than in 2022.
He said that the overall structure of demand has not changed much over the past year.
“Thus, about 25% of all car loans were issued for electric cars and hybrid cars worth $30-45 thousand, more than 20% of car loans are for premium cars priced at $80 thousand, about 15% of loans were issued for the purchase of cars priced at $18-20 thousand,” the release cites lending statistics.
“In 2024, the ratio of the number of new cars purchased on credit may change slightly: due to the entry of new players into the market, an increase in the number of loan offers with more loyal and flexible credit conditions, which allow more citizens to become owners of new cars, the share of cars priced at $18-20 thousand may increase to 20-25%,” the expert predicts.
The expert also expects an increase in demand for electric cars due to the large number of dealers. He clarified that now in Ukraine the choice of such cars is quite wide, while the vast majority of them consist of new cars imported from China.
The banker believes that in 2024, the most popular car brands will be those that provide customers with variability and flexibility in terms of car purchases, including joint programs between banks and car dealers. In his opinion, an important role is also played by a wide range of models for different financial capabilities, an extensive network of certified car service centers, quality characteristics of the car that are comparable to its price, and the possibility of selling the car in 3-5 years while maintaining up to 40-50% of its original value.
Alfa-Bank and Globus Bank (both Kyiv-based) made agreements with the government of the Republic of Belarus on providing Ukrainian entrepreneurs with loans for the purchase of Belarusian goods on preferential terms using the resources of the latter, the press services of the banks said.
“According to the terms of the program, Alfa-Bank Ukraine will receive compensation for loan interest for the purchase of Belarusian machinery for a period of up to five years in the amount of two thirds of the National Bank of Ukraine discount rate, valid on the date when the loan is issued,” Alfa-Bank said on its website.
Under the preferential loan program, Ukrainians will be able to purchase Belarusian machinery, in particular agricultural, automotive and road-construction.
The compensation is provided under the agreement and decree No. 466 on some measures for the sale of goods produced in the Republic of Belarus of the president of Belarus dated September 24, 2009.
According to the National Bank of Ukraine (NBU), at the beginning of 2020, the largest shareholders of Alfa-Bank were indirectly Mykhailo Fridman (31.483767%), German Khan (20.085856%), Oleksiy Kuzmichov (15.638704%), Petr Aven (11.881235%) and UniCredit SpA (Italy, 9.484448%).
Bank Globus was registered in 2007. Its major participants as of January 1, 2019 were Olena Sylniahina and Dmytro Polkovsky indirectly through Ukrainian Media Technologies LLC (100%).
