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 state-owned Oschadbank has signed a series of loan agreements with companies belonging to the Kernel Group for a total amount of $77 million, which, according to the bank, is the largest amount of lending to private businesses among Ukrainian banks in 2025.
“The development of Ukraine’s agricultural export potential is an important aspect of strengthening the state’s economy. This is the main focus of Kernel’s business and one of Oschadbank’s priorities,” said Yuriy Katsion, deputy chairman of Oschadbank’s board responsible for corporate business, on Facebook.
According to a press release from the bank, almost half of the lending volume may be directed toward investment needs: these are non-revolving credit lines of $36.7 million with a term of seven years.
It is noted that the funds may also be used to upgrade the fleet of agricultural machinery and equipment to ensure uninterrupted cultivation of agricultural land, as well as to finance and refinance capital expenditures related to the reconstruction of the Transbalkterminal grain terminal (Chornomorsk), which was damaged as a result of a Russian missile attack in 2023.
Another feature of the agreement is the borrower’s right to draw down the entire credit limit of $77 million during the term of the agreement to replenish working capital, provided that the limits provided for investment lending are reduced, the bank said.
It is specified that the replenishment of working capital may be carried out by the group’s companies, in particular, for the purchase of grain, fertilizers, plant protection products, fuels and lubricants, other goods, works, and services.
Before the war, Kernel was the world’s leading producer of sunflower oil (about 7% of global production) and its exporter (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In fiscal year 2025 (FY, July 2024 – June 2025), Kernel earned $238 million in net profit, which is 42% more than in FY 2024. Kernel’s consolidated revenue in FY2025 reached $4.115 billion, an increase of 15% compared to the previous fiscal year.
The company’s debt obligations at the end of September amounted to $726 million, including bank credit lines of $104.5 million, compared to $146.7 million at the beginning of the year.
As reported, in October 2025, Oschadbank’s corporate segment loan portfolio grew by 2.6%, or UAH 26.9 billion, to UAH 970.1 billion. Hryvnia loans to businesses added 1.7%, or UAH 11.5 billion, reaching UAH 689.7 billion, while foreign currency loans increased by 4.2%, or $267 million, to $6.68 billion.
According to the NBU, at the beginning of November this year, Oschadbank, with total assets of UAH 456.23 billion, ranked second among 60 banks in terms of this indicator.
In November 2025, banks increased lending by 2.6%, or UAH 33.5 billion, to UAH 1 trillion 347.5 billion, and increased the deposit base by 0.9%, or UAH 27.1 billion, to UAH 2 trillion 982.1 billion, according to the National Bank of Ukraine (NBU).
According to the regulator, the main growth in the loan portfolio was provided by the corporate segment, where the volume of loans increased by 2.6%, or UAH 25.4 billion, to UAH 995.5 billion.
Hryvnia loans to businesses increased by 2.5%, or UAH 17.1 billion, to UAH 706.9 billion, while foreign currency loans increased by 2.4%, or $160 million, to $6.84 billion.
Households also increased their loans by 2.6%, or UAH 8.6 billion, to UAH 343.5 billion.
The increase in deposits in November is associated with an increase in the volume of deposits from individuals: hryvnia deposits grew by 1.1%, or UAH 14.9 billion, to UAH 1 trillion 355.5 billion, while foreign currency deposits increased by 0.9%, or $95 million, to $10.66 billion in dollar terms.
As for legal entities, their hryvnia deposits increased in November by 0.7%, or UAH 11.4 billion, to UAH 1 trillion 555.8 billion, while foreign currency deposits decreased by 5.9%, or $615 million, to $9.78 billion.
The National Bank noted that during the month, the dollar exchange rate rose to 42.1928 UAH/$1 from 41.9701 UAH/$1, with a historic low of 42.4015 UAH/$1 recorded on November 26.
Since the beginning of the year, the volume of hryvnia loans to legal entities has increased by 21.5%, and loans to the population – by 25.3%. As for foreign currency loans, businesses increased them by 13.7%, while the population reduced them by 11.1% – to $237 million.
Hryvnia deposits of legal entities have grown by 2.7% since the beginning of the year, while foreign currency deposits have decreased by 3.0%. The population has increased its hryvnia deposits by 14.0% over 11 months, and foreign currency deposits by 7.5%.
Belgium is demanding “independent” and “autonomous” guarantees from EU countries in exchange for its support for a loan to Ukraine using frozen Russian assets, Euractiv reports.
The documents, which are currently being discussed by EU ambassadors, come amid frantic efforts by the bloc to persuade Belgium to back the so-called reparations loan ahead of a crucial European Council summit in Brussels next week.
Euroclear, a securities depository headquartered in Brussels, holds the vast majority of the EUR210 billion in frozen assets that will be used to support Kyiv’s military efforts, making Belgium a key player in the EU negotiations.
In a series of amendments to the Commission’s legal proposal, which was first circulated to EU ambassadors last week, Belgium notes that the guarantees must be “independent and autonomous so that they remain in force even if the loan is declared invalid.”
Other key Belgian demands include: other EU states covering potential legal costs that Moscow may claim from any member state; EU capitals refraining from concluding new investment agreements with Russia and cancelling all existing agreements; and a number of other measures to protect Belgium from potential reprisals by Moscow.
Luxembourg and Belgium signed a bilateral investment agreement with the then USSR in 1989, which has not been revoked to date.
In addition, it requires that Euroclear itself “not be liable” for providing the reparations loan, and that its “directors be liable only in cases of gross negligence.”
The Russian Central Bank announced that it would file a lawsuit against Euroclear in a Moscow court on Friday.
Belgium has repeatedly criticized the Commission for continuing with the loan program and has called on other EU countries to support the issuance of joint debt obligations instead. However, the latter option is currently being blocked by Hungary, which is also strongly opposed to the loan program.
The European Investment Bank (EIB) has approved a project to provide ProCredit Bank (Kyiv) with a partial portfolio guarantee of EUR7 million, which will enable the financial institution to issue up to EUR35 million in loans to micro, small, and medium-sized enterprises (MSMEs).
As stated on the EIB website, the guarantee is part of the EU4Business Guarantee Facility II program, which aims to improve lending conditions for businesses, in particular by reducing collateral requirements and lowering interest rates, thereby expanding access to finance for MSMEs in Ukraine.
As reported, EU4Business Guarantee Facility II is a program under which the EIB provides Ukrainian banks with partial portfolio guarantees to expand lending to MSMEs. Its goal is to simplify access to financing for these enterprises by improving loan conditions. The total volume of the program is estimated at EUR 300 million, of which EUR 40 million is EIB guarantees. The project was approved on May 5, 2025.
ProCredit Bank is part of the ProCredit Holding AG (Germany) banking group, which owns 100% of its shares. According to the National Bank, as of October 1 this year, it ranked 16th (UAH 44.68 billion) among 60 banks in Ukraine in terms of total assets.
The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) intends to attract a loan of up to $200 million from the European Bank for Reconstruction and Development (EBRD).
According to the company, on November 26, 2025, the supervisory board of AMKR approved a significant transaction—securing a loan from the EBRD.
The market value of the property or services that are the subject of the transaction is determined in accordance with the law: no more than $200 million (UAH 8,480,300 thousand at the NBU exchange rate as of November 26, 2025). The value of the issuer’s assets, according to the latest annual financial statements, is UAH 51,725,655 thousand. The ratio of the market value of the property or services that are the subject of the transaction to the value of the issuer’s assets, according to the latest annual financial statements (in percent) is 16.3947658082%.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The company has a full production cycle, with production capacities designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.
