In April–June 2026, Ukrsibbank (Kyiv) increased its pre-tax profit by 19.4%, or 342.9 million UAH, to 2.11 billion UAH, while net profit decreased by 11.7%, or by 156.9 million UAH, to 1.18 billion UAH.
According to the bank’s interim consolidated financial statements, Ukrsibbank’s net interest income increased by 10.1% to 3.44 billion UAH, and net fee and commission income rose by 13.9% to 450.0 million UAH.
Profit from foreign currency transactions decreased by 21.8% to 195.5 million UAH, while profit from foreign currency revaluation increased by 80.9% to 959,000 UAH.
In the second quarter, the bank recorded a loss of 7.8 million UAH from the impairment of financial assets, compared to a loss of 290.5 million UAH a year earlier.
Employee compensation expenses rose by 14.1% to 1.16 billion UAH, while other administrative and operating expenses increased by 11.3% to 522.7 million UAH.
For the first half of 2026, Ukrsibbank’s pre-tax profit rose by 1.1% to 3.61 billion UAH, while net profit fell by 30.3% to 1.85 billion UAH.
The bank’s net interest income for the half-year rose by 11.1% to 6.78 billion UAH, while net fee and commission income increased by 7.4% to 843.6 million UAH.
Loans and advances to customers have increased by 2.8% since the beginning of the year, reaching 22.60 billion UAH. In particular, loans to consumers rose by 29.5% to 4.57 billion UAH, while loans to corporate clients decreased by 2.2% to 17.91 billion UAH, and mortgage loans fell by 13.1% to 126.7 million UAH.
Investments in securities for the first half of the year rose by 6.8% to 112.88 billion UAH. Specifically, investments in government debt instruments increased by 6.7% to 54.01 billion UAH, and investments in corporate debt instruments rose by 5.6% to 13.43 billion UAH.
Ukrsibbank’s customer deposits have grown by 4.3% since the beginning of the year, reaching 162.97 billion UAH. Balances in time deposits increased by 2.5% to 49.12 billion UAH, in demand deposits by 39.3% to 13.73 billion UAH, and in checking accounts by 3.8% to 96.12 billion UAH.
The bank’s total assets increased by 4.9% to 195.46 billion UAH, and its equity rose by 6.8% to 29.07 billion UAH.
The number of Ukrsibbank branches decreased to 214 in the first half of the year from 220 at the beginning of the year.
In terms of ownership structure, Ukrsibbank is owned by BNP Paribas (France)—60%—and the European Bank for Reconstruction and Development (EBRD)—40%.
According to the National Bank, as of June 1, 2026, Ukrsibbank, with total assets of 196.69 billion UAH, ranked eighth among Ukraine’s 58 solvent banks.
asset, BANK, LOAN, PROFIT, UKRSIBBANK
The total volume of mortgage loans in the banking system as of June 1, 2026, reached 50 billion hryvnia, or about 4% of all loans issued, said Olena Dmitrieva, First Deputy Chair of the Board of Globus Bank, on Wednesday during the analytical panel “Market Analytics for the Construction and Real Estate Sectors for the First Half of 2026,” organized by the Confederation of Builders of Ukraine.
“The real estate market is gradually adapting to the conditions of war, but demand remains highly sensitive to shelling, power outages, and rising construction costs. At the same time, the share of mortgages in the total number of residential purchase and sale transactions still accounts for only about 3%,” noted Olena Dmitrieva.
According to her data, as of June 1, 2026, the total volume of mortgage loans in the banking system reached 50 billion hryvnia, or about 4% of all loans issued. Over the past year, banks’ mortgage portfolios have grown by 35%, while the total loan portfolio increased by approximately 10%.
She also emphasized that approximately 42,000 Ukrainian families currently hold mortgage loans, representing only 0.4% of the total number of households. The share of non-performing loans in this segment stands at 12%, primarily due to older foreign-currency loans.
At the same time, the number of new mortgage loans has not yet returned to pre-war levels. In 2025, banks issued about 77% of the number of loans granted in 2021.
“Mortgage portfolios are indeed growing much faster than the credit market as a whole. However, the main driving force behind this growth remains ‘eOselya.’ Without government support, the scale of mortgage lending would be significantly smaller,” Dmytrieva emphasized.
On average, banks issue about 207 loans per month secured by property rights to apartments in buildings under construction, as well as about 238 loans for the purchase of completed housing from developers. Thanks to these two areas of mortgage lending, construction companies receive about 884 million UAH, or approximately $20 million, each month.
Since the “eOselya” program began, about 28,000 loans have been issued for a total of 49 billion UAH. Currently, it accounts for 93% of all new mortgage loans in Ukraine.
Globus Bank was founded in 2007. As of January 2026, its regional network comprises 34 branches, 29 of which are part of the Power Banking network, enabling operations even during power outages.
Its priority areas of activity include lending for energy-efficient projects, mortgage lending in the primary market, auto loans, and lending to small and medium-sized businesses.
Serhiy Mamedov, Chairman of the Board of Globus Bank, is Vice President of the Confederation of Builders of Ukraine and Vice President of the Association of Ukrainian Banks.
Ukrainian banks expect further growth in their business and household loan portfolios over the next 12 months, as well as an increase in demand for all types of corporate and retail loans in the third quarter, according to the results of a survey by the National Bank of Ukraine (NBU).
At the same time, these expectations have become more subdued: the balance of responses regarding growth in the business loan portfolio fell to 38.2% from 72.2% in the first quarter of 2026, and for retail loans—to 38.9% from 65.1%.
Banks forecast a slight improvement in the quality of the corporate loan portfolio over the next 12 months: the balance of responses stood at 7.3% compared to 7.1% a quarter earlier. At the same time, for the fourth consecutive quarter, respondents expect the quality of loans to households to deteriorate, although the corresponding balance has become less negative—“minus” 16.3% versus “minus” 17%.
Financial institutions also expect growth in deposits from businesses and households. The balance of responses regarding the expected change in the volume of corporate sector deposits rose to 53.7% from 50.7%, reaching its highest level since the start of the full-scale invasion, while the balance for household deposits rose to 53.8% from 53.3%.
In the second quarter, business demand for loans increased: the overall balance of responses rose to 35.5% from 34.4% in January–March, also reaching its highest level since the start of the full-scale invasion.
Demand for long-term loans saw the sharpest increase—rising to 35.4% from 24.6%. Demand for loans to small and medium-sized enterprises (SMEs) rose to 24.7% from 23.8%, while demand for loans to large enterprises also increased, though at a slower pace than a quarter ago: the balance of responses fell to 26.9% from 34%.
Banks cited the need for capital investments and working capital as the main drivers of the growth in corporate demand. In the third quarter, they expect demand to increase for all types of business loans, particularly long-term ones.
Household demand also rose in the second quarter for both mortgage and consumer loans. According to banks’ estimates, demand for consumer loans has been growing since the second quarter of 2023, and for mortgages—since the beginning of 2025.
In July–September, respondents expect a further increase in household demand for loans, particularly for mortgages. Several large banks cited lower borrowing costs and improved prospects for the real estate market as the main drivers of rising mortgage demand.
Lending standards for the corporate sector remained virtually unchanged in the second quarter: the balance of responses stood at 1.7%, compared with “minus” 2.9% a quarter earlier. Standards for SMEs eased, though to a lesser extent than in January–March: “minus” 3.3% versus “minus” 25.2%.
In the third quarter, banks generally do not plan to change their corporate lending standards but expect them to ease for SME loans.
The approval rate for business loan applications remained largely unchanged in the second quarter: the balance of responses stood at 0% compared to 12.6% a quarter earlier. At the same time, for SMEs, it stood at 13% versus 24.4%, as some banks reported the possibility of providing them with larger loans.
For households, banks eased standards in the second quarter for both mortgages and consumer loans. For mortgages, the net balance of responses fell to “minus” 14.9% from zero, while for consumer loans it stood at “minus” 21.5% compared with “minus” 23.1% a quarter earlier.
Competition among banks remained the main factor behind the easing of consumer lending standards. For mortgages, additional factors included expectations regarding overall economic activity and the outlook for the real estate market.
Banks also expect a further easing of standards for both mortgage and consumer loans in the third quarter.
The approval rate for household loan applications rose in April–June. Banks reported lower interest rates, higher loan amounts, and longer terms for consumer loans, as well as lower mortgage costs and somewhat stricter collateral requirements for mortgages.
Banks assessed the debt burden on businesses in the second quarter as moderate, although assessments regarding SMEs tended toward the low end of the scale. The debt burden on households remained low.
In the second quarter, banks recorded an increase in credit, foreign exchange, and liquidity risks. The balance of responses regarding credit risk rose to 30.3% from 24.9% a quarter ago; for foreign exchange risk, it stood at 14.5% versus 21.3%; for liquidity risk, 8.4% versus 18.8%; while interest rate and operational risks remained largely unchanged.
At the same time, respondents expect currency and credit risks, in particular, to intensify in the third quarter.
The survey was conducted from June 16 to July 8, 2026, among credit managers at 25 banks, which accounted for 96% of the banking system’s total assets.
BANK, BUSINESS, LOAN, NBU, POPULATION
Oschadbank has officially joined the global WE Finance Code initiative by signing a letter of intent. Participation in the program confirms the bank’s commitment to expanding financing opportunities for women-led businesses, implementing international best practices in supporting entrepreneurship, and helping to remove barriers to access to financial resources.
By signing the letter of intent, Oschadbank has committed to ensuring the systematic development of its women’s entrepreneurship support initiatives, tracking and analyzing gender-based financing metrics, and expanding specialized products and programs for women entrepreneurs. Upon completion of the transition period, the bank will report on the fulfillment of these commitments to the National Bank of Ukraine for their subsequent inclusion in the annual global reporting under the WE Finance Code.
In Ukraine, the initiative is being implemented by the Ministry of Economy, Environment, and Agriculture, the National Bank of Ukraine, and the European Bank for Reconstruction and Development (EBRD). The Ministry serves as the national coordinator for the WE Finance Code and ensures the coordination of the coalition’s activities. The WE Finance Code coalition includes banks, credit unions, leasing companies, and relevant financial sector associations, and with Oschadbank’s accession, its membership continues to grow.
Joining the WE Finance Code is a logical continuation of Oschadbank’s systematic efforts to support women’s entrepreneurship. As of the end of June 2026, the loan portfolio for women-led businesses in the micro, small, and medium-sized enterprise (MSME) segment reached 5.2 billion UAH. By comparison, at the beginning of 2022, this figure stood at 1.3 billion UAH; in other words, during the period of full-scale war, the volume of lending to women-owned businesses has quadrupled.
Today, women entrepreneurs account for 34% of Oschadbank’s MSME loan portfolio. In addition, they account for 40% of all recipients of non-repayable grants, which the bank verifies and supports as part of national and international entrepreneurship support programs.
“During the full-scale war, Oschadbank’s loan portfolio for women-led businesses has quadrupled—to 5.2 billion UAH. This is the best proof that women entrepreneurs remain one of our most dynamic client groups. We see their resilience, adaptability, and strong financial discipline even under the current extremely challenging conditions. That is precisely why we are successfully developing our own “Women’s Business” ecosystem, which offers not just financing, but comprehensive solutions for starting and scaling a business. It is a great honor for us to join the global WE Finance Code community. We are convinced that market leaders must not only implement best practices but also set the direction for development. That is why we have set an ambitious goal for ourselves—to work with other participants in the initiative to create new financial solutions that will expand opportunities for Ukrainian women entrepreneurs and promote the development of this sector in Ukraine,” — said Natalia Butkova-Vitvitska, a member of Oschadbank’s board of directors responsible for MSMEs.
An important component of this work is Oschadbank’s own “Women’s Business” ecosystem, which provides comprehensive support to women entrepreneurs. The program offers financing for startups to purchase franchises of up to 5 million UAH and for agricultural projects—up to 10 million UAH, preferential lending terms with a deferral of principal repayment for 7–9 months, competitive interest rates, fast processing of loan applications, the option to submit documents online, personalized assistance from a manager, and consulting support.
WE Finance Code is a global multilateral initiative aimed at expanding women entrepreneurs’ access to financing. Today, it is being implemented in more than 30 countries worldwide and brings together financial institutions, regulators, business associations, and international partners to develop the financial ecosystem for women’s entrepreneurship.
female entrepreneur, LOAN, MSMEs, OSCHADBANK, WE Finance Code
The European Bank for Reconstruction and Development (EBRD) is considering providing Kyiv with a loan of up to EUR 50 million to support the liquidity of the municipal utility “Kyivteploenergo” and ensure the uninterrupted provision of critical municipal services amid the war.
According to the bank’s materials, the project is scheduled to be approved on July 22, 2026.
The loan is intended to cover Kyivteploenergo’s critical liquidity needs, including operating and maintenance costs, as well as to offset temporary revenue losses and additional expenses caused by the war.
Due to war-related risks, the loan will be partially covered by a European Union (EU) guarantee for first-loss coverage under the Municipal, Infrastructure, and Industrial Resilience (MIIR) Program as part of the Investment Program for Ukraine (UIF).
The financing is intended to ensure uninterrupted heat supply to schools, kindergartens, hospitals, residential buildings, and businesses, as well as electricity generation for the city and the power grid.
The EBRD notes that the additional strain on Kyiv’s district heating system is linked, in particular, to the significant number of internally displaced persons.
The project is part of the EBRD’s “Resilience and Livelihoods” (RLF) program. It is also intended to support the development and expansion of municipal services for veterans and their families.
As previously reported, in June, Kyiv Mayor Vitali Klitschko stated that the Kyiv City Council must approve a EUR50 million EBRD loan for “Kyivteploenergo” to implement measures under the Capital’s Resilience Plan. He estimated the cost of Kyiv’s priority energy resilience measures at approximately 30 billion hryvnia.
Raiffeisen Bank has granted the “Pan Kurchak” group a 350 million hryvnia loan to rebuild a factory destroyed by a fire in 2024; 50% of the loan risk is covered by a guarantee from the European Bank for Reconstruction and Development (EBRD) under the Extended Guarantee of the RSF Ukraine Investment Facility.
According to a correspondent for the “Interfax-Ukraine” news agency, the relevant documents were signed on the sidelines of the URC 2026 Conference on Ukraine’s Recovery, which took place in Gdańsk on June 25–26.
According to the report, the loan will be used to reconstruct the plant and install modern, energy-efficient equipment. The project is expected to strengthen the company’s position in the domestic market and enhance its operational resilience.
This is the first project to benefit from the new RSF Extended Guarantee.
As previously reported, the “Pan Kurchak” agro-industrial group was founded in 2001. It is engaged in crop cultivation, the production and sale of compound feed, broiler and pig breeding, and meat processing.
The agribusiness group includes “Western Agrarian Company” (which cultivates 16.7 thousand hectares), “Agrotechnika” LLC (which operates two compound feed mills, an oilseed processing plant, and four grain elevators), “Agidel” LLC (which maintains a parent flock of poultry with a production capacity of 32 million eggs and a broiler complex for 10,000 birds), VMP LLC (processes meat, produces sausage products and semi-finished meat products), Gubin Poultry Complex LLC (operates six farms with an annual capacity of 14 million head of poultry). All of the group’s production facilities are located in the Volyn region.
“Pan Kurchak” also operates a chain of branded stores called “M’yasna Tochka” and “Smarty” (Ukrainian Retail Networks LLC).
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the group is owned by Serhiy and Ivanna Martyniak.
