The European Bank for Reconstruction and Development (EBRD) has granted a loan of up to EUR50 million to Nova Poshta LLC, part of the Nova Group, to finance part of its capital investment program for 2025-2026.
According to the bank’s press release on Friday, the loan will be multi-currency with the option of drawing funds in hryvnia and euros and will consist of two tranches: the first tranche of EUR35 million will be provided upon signing, and the second tranche of EUR15 million will be reserved by the bank at its sole discretion.
According to the release, Nova Poshta’s development strategy supported by the loan includes improving physical infrastructure, optimizing and expanding the network, modernizing IT systems, improving energy management and restoring human capital, as well as decarbonization and wider access for women.
The total cost of the project is EUR69.1 million, according to the announcement.
The EBRD financing is guaranteed by a first loss guarantee covering 15% of the EBRD loan amount provided by the European Union (EU) under the Ukraine Investment Framework for Municipal Infrastructure and Industrial Resilience (UIF MIIR).
An investment grant of up to EUR1.5 million is also expected to be provided to support decarbonization and human capital restoration programs supported by the TaiwanBusiness-EBRD Technical Cooperation Fund and the Crisis Response Special Fund (CRSF).
According to the release, in 2024, Nova Poshta set a new record by delivering 429 million shipments, 16% more than in 2023, and the significant growth in demand, in turn, created a need for further expansion.
Nova Poshta is the main operating subsidiary of the Nova Group, which is owned by two Ukrainian businessmen, Vyacheslav Klimov and Volodymyr Poperechnyuk. It operates a network of over 39,000 service points and has around 33,000 employees in Ukraine, serving over 11 million customers every month.
The EBRD has been successfully cooperating with Nova Poshta since 2018, financing four of its projects during this time.
According to Nova Poshta’s financial report for the first quarter of 2025, its consolidated net income increased by 20.7% compared to the first quarter of last year, to UAH 14.3332 billion, while net profit decreased by 21.4%, to UAH 567.7 million. The ultimate beneficial owners of the company are Volodymyr Poperechnyuk and Vyacheslav Klimov.
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Terms of lending for used electric cars at OTP BANK:
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The European Bank for Reconstruction and Development (EBRD) plans to provide a loan of up to EUR 50 million to Nova Poshta LLC of the Nova Group of Companies (GC) to finance part of its capital investment program for 2025-2026, with a focus on improving operational efficiency and supporting the company’s development strategy in Ukraine during the war.
“… includes improving physical infrastructure, optimizing and expanding the network, modernizing IT systems, improving energy management, and restoring human capital,” the bank lists the elements of Nova Poshta’s development strategy on its website.
It is noted that the loan will be multi-currency with the possibility of selecting funds in hryvnia and euros and will consist of two tranches: tranche 1 in the amount of EUR 35 million will be reserved from the moment of signing, tranche 2 in the amount of EUR 15 million will be reserved by the bank solely at its discretion.
The total cost of the project, according to the report, is EUR 69.1 million.
The EBRD reminds that Nova Poshta is the leading private postal and courier operator in Ukraine, with a network of more than 12,000 branches and 27,000 post offices and about 34,000 employees. Every month, the company provides services to more than 11 million customers in Ukraine.
This project, which has passed the final review stage and is awaiting approval, possibly in June, is the fifth in the history of relations between Nova Group and the EBRD.
It is noted that under the existing loan, in May 2025, the company informed the bank of a planned reduction of about 2,900 employees, which is less than 10% of the total number. The EBRD emphasizes that the analysis of this reduction process confirmed that the client complies with the terms of such collective dismissals stipulated in the loan agreement, provided a detailed description of the reduction process, has an effective grievance system and responds appropriately to them without any litigation, and has an effective process of interaction with the trade union, which is informed about the large-scale restructuring plan that will affect employees throughout 2025.
As reported, last August, the EBRD provided a EUR 70 million loan to Nova Group to finance its investment program for 2024.
According to Nova Poshta’s financial report for the first quarter of 2025, its net consolidated revenue increased by 20.7% compared to the first quarter of last year to UAH 14 billion 333.2 million, while net profit decreased by 21.4% to UAH 567.7 million. The ultimate beneficial owners of the company are Volodymyr Popereshnyuk and Viacheslav Klymov.
As noted by the Standard Rating agency, as of the beginning of April this year, with total accounts payable of UAH 13.51 billion, Nova Poshta used, in addition to long-term bank loans, resources raised from the issue of two series of bonds – E and F series of UAH 1 billion each.
The state-owned Oschadbank (Kyiv) has almost doubled the credit limit available to OKKO Group, increasing it from UAH 1.5 billion to UAH 2.85 billion, which is provided for a period of two years.
“Currently, OKKO Group’s loan portfolio at Oschadbank is the largest among all their financial partners. Oschadbank’s liquidity level allows us to continue expanding this portfolio in line with our partner’s ambitious plans,” said Yuriy Katsion, deputy chairman of the board of Oschadbank responsible for corporate business, as quoted by the financial institution’s press service.
The increase in the credit limit will enable the group to manage its operating expenses more efficiently, in particular to maintain the necessary level of fuel reserves, which is important given the market dynamics and plans to expand the OKKO network of gas stations, which currently has 410 facilities, according to the press release.
It is noted that Oschadbank has been cooperating with OKKO Group companies since 2016, but the partnership has significantly strengthened since the start of the full-scale war. In March 2022, during the fuel crisis, the financial institution provided one of the group’s companies with an overdraft of UAH 500 million, thereby enabling it to import additional fuel. Since then, the volume of working capital financing has increased to UAH 1.5 billion.
OKKO Group is a Ukrainian holding company that unites businesses in the fields of trade, construction, agriculture, energy, tourism, and services. The group is based on the OKKO filling station network, which also includes catering establishments, fuel quality control laboratories, shops at filling stations, wholesale sales of petroleum products, and related services.
As reported, in the first quarter of 2025, Oschadbank signed almost three times more loan agreements with corporate clients than in the same period of 2024. Last year, the corporate segment’s loan portfolio grew by UAH 9.3 billion compared to 2023. About 34% of the agreements concluded in 2024 were aimed at financing investment projects.
The State of Serbia has signed an agreement with the European Bank for Reconstruction and Development (EBRD) to receive a loan of €50 million. The funds will be used to modernize centralized heating systems and improve their energy efficiency in various cities across the country.
The project aims to reduce energy consumption and harmful emissions, as well as operating costs for heat supply companies. The authorities emphasize that both institutions and ordinary consumers will feel the benefits.
As noted by Finance Minister Sinisa Mali, the signed agreement confirms Serbia’s strong commitment to the “green transition.” According to him, the project involves the reconstruction of heating substations, replacement of pipelines, installation of automation systems, and in some cases, the transition to environmentally friendly energy sources such as biomass or solar collectors.
Minister of Mining and Energy Dubravka Djedovic Handanovic added that the implementation of the project will ensure stable and high-quality heat supply in winter and will also help reduce dependence on imported energy sources.
The project will be part of a broader program to modernize municipal utilities, which the EBRD has already supported in the past. According to preliminary estimates, the modernization will reduce energy consumption by 25-30% in the upgraded systems.
EBRD representatives said they consider Serbia a key partner in the Balkans and will continue to finance sustainable projects in the energy, transport, and infrastructure sectors.
Source: https://t.me/
The state-owned Ukrgasbank (Kyiv) has granted Kryvyi Rih a seven-year loan of UAH 500 million to implement an energy conservation program in the city.
According to a statement posted on the bank’s website on Wednesday, the city will modernize its infrastructure, reduce heat loss, and improve energy efficiency, which should lower heating costs for residents.
According to the first deputy mayor of Kryvyi Rih, Yevhen Udod, a joint project will be implemented in the city, which provides for the modernization of the heating networks of the Kryvorizhteplomerezha municipal enterprise, the replacement of windows in the entrances of 199 residential buildings, and the reconstruction of premises for a new X-ray department at Hospital No. 1.
As specified to Interfax-Ukraine, the loan will be issued for a term of seven years, but other terms of the loan have not been disclosed.
According to the National Bank of Ukraine, in April 2025, Ukrgasbank ranked fifth (UAH 220.0 billion or 5.9%) among 60 banks operating in the country in terms of total assets.
As reported, in the first quarter of this year, Ukrgasbank issued two loans to Kryvyi Rih for a total amount of UAH 105.5 million for a term of seven years with a grace period of 12 months. The interest rate on the loan of UAH 87.6 million is 14.5% per annum in the first year and, from the second year, a variable UIRD 12M +3% with annual review, but not exceeding 23%. The second loan of UAH 17.9 million is issued at an interest rate of 16% per annum for the first year, which from the second year is UIRD 12M + 3.62% with annual review, but also not exceeding 23%. It was explained that 3.62% is 16% minus the current UIRD 12M at 12.38%.
