In September 2026, Ukrainian banks increased their net loan portfolio by 1.9%, or 25.1 billion UAH, compared to August—to 1 trillion 329.4 billion UAH, while the deposit base increased by 0.7%, or 23.1 billion UAH, to 3 trillion 254.7 billion UAH, according to operational data from the National Bank of Ukraine (NBU).
The main growth came from the corporate segment: the business loan portfolio increased by 15.3 billion UAH, or 1.6%, over the month—to 946.3 billion UAH.
The volume of loans to households at the end of the month stood at 383.1 billion UAH, which is 9.8 billion UAH, or 2.6%, more than a month earlier.
Within the corporate portfolio, hryvnia-denominated loans increased by nearly 0.7%, or 4.3 billion UAH, to 654.9 billion UAH, while foreign-currency loans (in hryvnia equivalent) rose by 3.9%, or 11.1 billion UAH, to 291.4 billion UAH.
On a year-over-year basis, hryvnia-denominated loans to legal entities rose by 32.3%, foreign-currency loans (in hryvnia equivalent) by 29.7%, and the retail loan portfolio by 38.4%.
In the deposit market, the trend was the opposite of that in the loan market: the largest increase came from household deposits, which rose by 21.4 billion UAH, or 1.4%, to 1 trillion 556.0 billion UAH, while corporate deposits increased by 1.8 billion UAH, or 0.1%, to 1 trillion 698.7 billion UAH.
On a year-over-year basis, household deposits increased by nearly 17.0%, and corporate deposits by 14.9%.
The European Bank for Reconstruction and Development (EBRD) is providing the city of Kyiv with a loan of 150 million euros to purchase new energy-efficient subway cars, spare parts, and maintenance and diagnostic equipment for the Kyiv Metro municipal enterprise, the bank’s press office announced on Wednesday.
The loan is backed by a partial guarantee from Spain and supplemented by grant funding from the bank’s internal resources.
“The new subway cars are expected to be up to 25% more energy-efficient than the outdated cars they will replace, ensuring a more environmentally friendly, safer, and more reliable subway service,” the statement said.
In addition to the purchase of rolling stock, the EBRD will fund an audit of the metro’s accessibility to develop an action plan for inclusive transportation throughout Kyiv, tailored to the needs of people with disabilities, veterans, elderly passengers, and parents with children. The bank will also support a three-year training program for female electric train drivers in partnership with UN Women’s “She Drives” initiative to address the labor shortage.
In total, since the start of Russia’s full-scale invasion in February 2022, the EBRD has allocated nearly 11 billion euros to support Ukraine’s real economy.
EBRD, KYIV, LOAN, METRO, TRANSPORTATION
Ferrexpo, a mining company with its main assets in Ukraine, has secured a $15 million credit line from Fevamotinico SaRL, a company owned by Minco Trust, whose ultimate beneficiary is businessman Konstantin Zhevago.
According to a stock exchange announcement, Ferrexpo plc has entered into a loan agreement with its largest shareholder, Fevamotinico, which will provide an unsecured credit line in the principal amount of $15 million.
The purpose of the loan is to provide the company with immediate access to liquidity until the completion of the capital raising process totaling approximately $100 million, as announced on September 4, 2026, as well as to support working capital needs and production operations, which resumed on September 7. The loan effectively serves as an advance payment of a portion (approximately $40 million) of the funds that Fevamotinico has committed to contribute as part of the capital raising.
It is specified that interest on the loan is accrued at a rate of 9.75% per annum; the maturity date is 12 months after the date the funds are disbursed. Repayment of the loan, together with accrued interest, will be made by offsetting the amounts that Fevamotinico is required to pay to Ferrexpo under the share subscription agreement following the company’s listing. This loan is subordinated; therefore, claims under it will be satisfied after the claims of the company’s existing unsecured creditors.
If the general meeting to be held on September 21, 2026, does not approve the capital raise or if the placement agreement is terminated, the company may decide to repay the loan by issuing new common shares at the placement price (or, if the fair market value is lower than the placement price, at such lower price as agreed upon by the company and Fevamotinico), subject to compliance with all legal or regulatory requirements regarding such issuance of shares, including obtaining prior approval from independent shareholders.
In addition, as long as the loan remains outstanding, the loan agreement restricts the group members’ ability to raise debt or provide collateral for obligations, except for those falling within specified permitted categories (in particular, a potential credit line to finance trade transactions, as well as certain agreements entered into in the ordinary course of business or between group companies) .
The terms of the loan provide for certain standard events of default that entitle Fevamotinico to demand early repayment of the loan. However, Fevamotinico has agreed not to take any action to collect the loan debt in cash prior to its maturity date. The loan agreement also contains a standstill provision, under which Fevamotinico undertakes not to make any claims against Ferrexpo or to initiate proceedings for its liquidation, external administration, or any other insolvency-related proceedings, nor to facilitate such actions by other parties.
If the fundraising does not take place and the placement agreement is terminated, the principal amount of the loan, together with accrued but unpaid interest, will be due for repayment in cash on the maturity date, unless the alternative repayment mechanism described above—involving the transfer of shares—is successfully implemented. If Ferrexpo is unable to repay the loan in cash by the specified deadline, and the alternative repayment mechanism involving shares is not implemented, the company will have to raise additional financing or negotiate other terms for settling the debt with Fevamotinico.
Fevamotinico is a related party of Ferrexpo under the UK Listing Rules, as it is a significant shareholder of the company and has the right to vote (or control the exercise of voting rights) with respect to 49.27% of the votes at the general meeting of shareholders. Accordingly, the granting of the loan is considered a related-party transaction.
The company’s directors consider the terms of the loan to be fair and reasonable in the interests of the shareholders. The Board of Directors received appropriate advice from BDO LLP, which acts as the company’s sponsor. In providing this advice to the directors, BDO LLP took into account the commercial assessment of the loan conducted by the directors themselves.
Ferrexpo owns a 100% stake in Yeristovsky GOK LLC, a 99.9% stake in Bilanivsky GOK LLC, and 100% of the shares in Poltava GOK PJSC.
State-owned Oschadbank has provided Eco-Future “Kamianka” LLC with a EUR10.34 million loan for the construction of three solar power plants with a total capacity of 18.322 MW in the Khmelnytskyi region, the financial institution announced on Monday.
Along with the solar power plants, the company plans to install a 50 MW energy storage system. Once commissioned, the complex is expected to generate up to 22,600 MWh of electricity per year.
According to Oschadbank, this is the bank’s largest energy project in terms of financing volume in the micro, small, and medium-sized business (MSME) segment.
“Since the beginning of the year, Oschadbank has financed the construction of solar power plants with a total capacity of 42.6 MW for nearly 850 million UAH,” said Natalia Butkova-Vitvitska, a member of the bank’s management board responsible for the MSME segment.
The facilities will be built by Solar Stalkonstruktsiya LLC, which has been operating in the market since 2012 and has experience implementing over 5 GW of solar energy projects and energy storage systems in 20 countries.
According to the National Bank, as of July 1, 2026, Oschadbank, with total assets of 518.87 billion UAH, ranked second among Ukraine’s 59 banks. The bank’s total loan portfolio grew by 6.7% in the first half of the year, reaching 136.83 billion UAH.
INVESTMENT, Khmelnytskyi region, LOAN, OSCHADBANK, Solar energy
According to Experts.news, the average microloan amount in Ukraine rose to 9,170 UAH in the second quarter of 2026, which is nearly 1.5 times higher than the figure for the same period last year, according to an analysis by the Experts Club think tank based on data from OpenDataBot.
In the second quarter of 2025, the average size of such a loan was approximately 6,290 UAH. Thus, over the course of a year, the average microloan amount increased by about 2,900 UAH, or 46%.
At the same time, Ukrainians did not turn to microfinance organizations significantly more often. On average, about 700,000 microloans are issued per month, and the total number of contracts for January–June 2026 amounted to 4.196 million.
The total amount of microloans issued in the first half of the year reached 37.5 billion UAH.
At the same time, the population’s accumulated debt to MFOs is growing. As of July 1, it stood at 32.32 billion UAH—4.7 billion UAH, or 17%, more than at the beginning of the year.
Original source: OpenDataBot—MFO market research for the first half of 2026
First Ukrainian International Bank (FUIB) has signed its first loan agreement with the National Development Institution (NUR) for EUR 2.9 million to finance Ukrainian entrepreneurs and companies, the bank announced on Monday.
The agreement was signed on August 28 by PUMB Deputy Chairman of the Board Artur Zagorodnikov and NUR Chairman of the Board Andriy Hapon.
“The signing of the first loan agreement with the NDR is an important practical outcome of the partnership we launched under state-sponsored preferential programs back in February 2020 and successfully continued several months ago by attracting funds from foreign investors,” Zagorodnikov said.
Under the terms of the agreement, NUR will provide PUMB with financial resources, which the bank will direct toward lending to individual entrepreneurs and micro, small, and medium-sized private enterprises operating and investing in Ukraine.
The funds may be used for investment projects, the modernization and development of production, the purchase of equipment, and the replenishment of working capital.
According to the National Bank, as of July 1, 2026, PUMB, with total assets of 248.63 billion UAH, ranked fifth among Ukraine’s 59 banks. The bank’s loan portfolio grew by 17.6% in the first half of the year, reaching 115.4 billion UAH.
BUSINESS, FUIB, INVESTMENT, LOAN, НУР
