Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, intends to conclude an additional loan agreement with Ukreximbank (Kyiv) to open a non-revolving credit line with a limit of EUR 2.020 million (equivalent to UAH 99,934,450 thousand) for a term of 36 months.
According to the company’s report in the information disclosure system of the National Commission for the Regulation of Energy and Public Utilities (NCCPE), the general meeting of participants of Dniprometiz-TAS LLC on December 22, 2025, decided to grant consent for the company to perform legal acts which collectively meet the criteria of a significant transaction, namely, the conclusion with JSC Ukreximbank, within the framework of general loan agreement No. 25-63KG0010 dated September 25, 2025, of an additional agreement for EUR 2.02 million.
In addition, the meeting participants agreed to conclude an agreement on the pledge of the company’s movable property (47 units of equipment with a market value of UAH 58,708,300) as collateral for the performance of obligations under general loan agreement No. 25-63KG0010.
It is specified that the meeting was attended by company participants who collectively hold 100% of the votes and have the right to vote on all items on the agenda. 100% of all company participants voted in favor of the decision.
As reported, the general meeting of participants of Dniprometiz-TAS LLC on September 4, 2025, decided to approve the conclusion of a general loan agreement with JSC Ukreximbank with a credit transaction limit equivalent to UAH 600 million.
According to the results of January-September of this year, Dniprometiz-TAS LLC reduced its net profit by 2.9% compared to the same period last year, to UAH 11.727 million. At the same time, the company’s undistributed profit at the end of September amounted to UAH 274.763 million.
In 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net income increased by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s undistributed profit at the end of 2024 amounted to UAH 263.048 million.
According to the results of 2023, Dniprometiz reduced its net profit by 2.6 times compared to 2022 – to UAH 9.658 million from UAH 24.733 million. Over the past year, net income increased by 8.2% – to UAH 2 billion 677.836 million.
According to the results of 2022, Dniprometiz reduced its net profit sixfold compared to the previous year, to UAH 25.572 million, while net income increased by 1.1%, to UAH 2 billion 474.397 million.
Dniprometiz-TAS manufactures metal products from low-carbon steels. The company’s capacity is 120,000 tons of products per year.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC is UAH 83.480 million.
The European Bank for Reconstruction and Development (EBRD) has provided Credit Agricole Bank (Kyiv) with a new guarantee that will enable the financial institution to issue loans to Ukrainian enterprises in the amount of EUR 150 million and cover up to 80% of the risk on them.
“We have a long-standing partnership with the EBRD and share a common vision of investing in resilience and sustainable development. Together, we are helping businesses recover, strengthen, and reduce their dependence on external risks, which is fully in line with our AIR strategy: Aim is to Invest in Recovery,” said Carlos de Cordoba, Chairman of the Board of Credit Agricole Bank, in a press release on Tuesday.
Under the terms of the program, Credit Agricole Bank will provide EUR 150 million to companies operating in critical sectors, as well as SMEs and mid-cap companies investing in energy production and storage, energy efficiency, and modernization.
As noted on the EBRD website, the project is divided into three components: the Resilience and Livelihoods Program, the Energy Security Support Facility, and the EU4Business–EBRD credit line with investment incentives.
The largest share of the portfolio coverage – up to EUR 80 million – is intended to finance working capital and private business investments in key sectors. EUR 40 million is earmarked for power generation, energy storage, and energy efficiency, and EUR 30 million for the modernization of MSMEs in line with EU standards, of which at least 70% must support green projects. This block provides for technical assistance and grant incentives after the completion of investments.
Eligible enterprises will also be able to receive technical assistance and investment incentives funded by the EU under the EU4Business initiative. Additional grants are provided for businesses and households that have suffered destruction, loss of assets, forced displacement, as well as for companies that promote the reintegration of veterans, persons with disabilities, and IDPs.
It is noted that this is already the third agreement on portfolio risk sharing between the EBRD and Credit Agricole Bank since the start of the full-scale invasion by the Russian Federation.
The EBRD has previously allocated EUR 75.4 million in EU grants to Ukrainian MSMEs under the EU4Business-EBRD line, of which EUR 2.25 million was allocated to projects involving Credit Agricole Bank.
According to the EBRD, since the start of the full-scale invasion, the bank has provided Ukrainian borrowers with approximately EUR 3.29 billion through 40 similar agreements with 12 partners. The loan programs are supported by partial coverage of first-loss risk, which is financed by France and the EU under the Investment Facility for Ukraine (UIF).
Credit Agricole Bank was founded in 1993, and its sole shareholder is Credit Agricole S.A. (France). According to the NBU, as of October 1, 2025, the bank ranked 11th (UAH 116.26 billion) among 60 banks in Ukraine in terms of assets.
Banks in Ukraine in September 2025 issued 851 mortgage loans worth UAH 1.62 billion, which is 13.1% more than in August, when 789 loans worth UAH 1.43 billion were issued, according to the results of the monthly survey of the National Bank of Ukraine (NBU).
“The quality of the mortgage portfolio remains high: the share of non-performing loans is kept at 12%,” the National Bank commented on the results.
According to the central bank, compared to September 2024, the volume of loans issued increased by 35.4%.
As specified by the NBU, among the 39 banks surveyed, together forming more than 95% of the gross mortgage portfolio, in September new loans were issued by 14 financial institutions.
Most transactions were concluded in the primary housing market: 532 in September for the amount of UAH 1 billion against 480 in August for the amount of UAH 0.89 billion.
In the secondary housing market, 319 transactions were concluded for UAH 0.62 billion, while in August – 309 transactions totaling UAH 0.54 billion.
The weighted average effective rate in the primary market in September remained at the level of 8.13% per annum, while in the secondary market it increased to 9.37% from 8.99% in August.
The survey data show that the most loans in September were issued in Kyiv and Kyiv region – 458 for UAH 949 mln (58.6% of the total volume). Next come Lviv region – 46 for UAH 95 million, Ivano-Frankivsk region – 53 loans for UAH 90 million and Volyn region – 35 for UAH 61 million.
As reported, the National Bank on July 18 this year released a strategy for the development of mortgage lending. The document prioritizes risk reduction through the launch of mass insurance of war risks and updating the rules in the field of housing construction.
The strategy also provides for easier access to mortgages through modernization of state support mechanisms and increased transparency of information in accordance with EU requirements, as well as strengthening the protection of creditors’ rights by updating procedures for dealing with bad debts.
The European Bank for Reconstruction and Development (EBRD) will provide a risk-sharing guarantee without pre-financing to the state-owned Ukreximbank in order to expand financing and provide new loans to Ukrainian businesses in the amount of EUR100 million.
As stated on the EBRD website, whose board of directors approved the relevant project on September 9, it will cover up to 50% of the credit risk.
According to the published information, the guarantee will be provided in two equal tranches, with the second tranche currently without obligations.
It is noted that up to EUR 20 million of sub-loans with risk sharing will be directed to finance long-term investments by SMEs under the EU4Business-EBRD Credit Line with incentives, which will allow financing long-term capital investments by SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit).
Eligible sub-borrowers will also receive EU-funded technical assistance and grant support in the form of investment incentives upon completion of their investment projects.
Ukreximbank is the third largest bank in Ukraine in terms of total assets as of mid-year – UAH 318.6 billion (8.3% of the system’s total assets).
The European Bank for Reconstruction and Development (EBRD) is providing a risk-sharing guarantee without upfront financing to Raiffeisen Bank to expand financing and provide new loans to Ukrainian businesses in the amount of EUR200 million. The relevant agreement was signed in London on September 9.
“The EBRD instrument will cover up to 50% of Raiffeisen Bank’s credit risk under new financing agreements for businesses operating in Ukraine. Under this mechanism, the bank will provide sub-loans to companies operating in critical sectors of the economy, such as agriculture, industrial production, pharmaceuticals, transport, and logistics,” the Ukrainian bank said in a press release on Wednesday.
According to the press release, this is already the fourth such risk-sharing agreement concluded by the EBRD with Raiffeisen Bank.
It is noted that 20% of the sub-loans covered by the EBRD guarantee will be provided to MSMEs for long-term investments in EU-compliant technologies and green technologies, strengthening the competitiveness of such enterprises in domestic and foreign markets.
Sub-borrowers who meet the conditions will also be able to receive EU-funded technical support and investment incentives, such as grants to complete their investment projects, under the EU4Business initiative. Larger incentives will be provided to businesses and households most affected by the war (e.g., those whose assets have been destroyed, damaged, or relocated), as well as to sub-borrowers that promote the reintegration of war veterans, people with special needs, internally displaced persons, and/or enterprises located in areas most severely affected by the war.
The EBRD guarantee will be supported by partial coverage of first-loss risk received from France and the EU under the Ukraine Investment Framework.
Since the start of the full-scale Russian-Ukrainian war, the EBRD has enabled more than EUR 3 billion in financing to Ukrainian borrowers through 37 similar instruments in partnership with 12 financial institutions.
Raiffeisen Bank is the largest privately owned bank in Ukraine and the fourth largest overall, with total assets of UAH 252.23 billion (6.5% of the system’s total assets) as of mid-year.
Raiffeisen Bank was founded in 1992. According to the financial institution, 68.21% of its shares are owned by Raiffeisen Bank International AG (RBI), 30% by the EBRD, and the remaining 1.79% by minority shareholders.
OTP Bank forecasts significant growth in renewable energy lending next year, said Alla Biniashvili, a member of the bank’s board.
“What do we think will be the driver? Definitely renewable energy. It is already emerging, mostly in state-owned banks, but all other banks are also prioritizing the financing of energy security and renewable energy. And we expect a significant increase in its share in our portfolio next year, as well as in the portfolios of other banks,” she said at the Global Outlook: Strategic Momentum conference organized by the European Business Association (EBA) in Kyiv on Friday.
As Biniashvili noted, the banking sector is currently characterized by high liquidity, but companies also hold significant balances in their accounts due to uncertainty and lack of investment.
According to her, the main sectors for lending currently remain agriculture, food industry, trade, and defense. She noted that banks compete with each other for customers in these industries, lowering rates and offering new terms.
Binashvili named the geopolitical situation, import needs for energy security, lower harvests, and staff shortages as key risks for the banking sector. At the same time, she said that against the backdrop of international guarantees and risk-sharing programs, banks will be able to ensure about 30% growth in lending in 2026.
