State-owned Oschadbank will soon announce the start of the sale of the Gulliver Retail and Office Complex (ROC) at an auction on the Prozorro public procurement platform, the bank’s CEO Yuriy Katsion said at the Forbes Banker forum on Thursday.
“We will soon announce the start of the sale of this complex at an auction on the Prozorro platform,” Katsion said.
The bank managed to seize the collateralized property and take it onto its balance sheet despite significant resistance and pressure from the former owner, who had long failed to fulfill his obligations.
Katsion emphasized that the Gulliver case is of historical significance for the investment climate and changes in banks’ lending approaches, as it demonstrated that the institution for protecting creditors’ rights works, and this allows the bank to adopt a more flexible approach to securing credit operations.
Despite numerous obstacles and attempts to block the complex, Oschadbank managed to fully restore its operations: as of February 1, the facility is operating normally, and nearly all tenants have returned to their usual activities.
As reported, on July 26, 2025, a decision was made to register state ownership of the Gulliver shopping center under a consortium comprising Oschadbank (80% – lead) and Ukreximbank (20%). This property served as collateral for the loan obligations.
The foreclosure proceedings were initiated by the two state-owned banks due to the failure of Tri O LLC—the debtor and owner of the complex—to fulfill its obligations under the loan agreement.
Following the meeting of Oschadbank’s Emergency Commission on October 30, a decision was made to recognize the situation that had arisen—including due to the refusal of Tri O LLC employees to transfer control of the Gulliver shopping mall’s critical engineering systems—as dangerous to human life and the operation of the complex.
On December 1, 2025, Oschadbank’s Emergency Commission decided to begin the phased reopening of the Gulliver complex following the resolution, in certain parts of the building, of the circumstances that led to the emergency.
Oschadbank has launched the Select Finance program—a financing program for used cars sold through official dealers in Ukraine.
The program offers more favorable financing terms compared to traditional used car loans and applies to vehicles with low mileage that have a verified service history and are covered by the manufacturer’s warranty.
A vehicle purchased under the program must meet the following requirements:
Oschadbank offers flexible financing terms:
“We have focused on the segment of used cars sold through official dealers and covered by a manufacturer’s warranty. This gives customers the opportunity to get a reliable car at a more affordable price than a new one. Today, the used car loan segment accounts for only about 6% of the market for secured passenger car loans. However, it has become the true growth leader: over the past year, the number of such loans has nearly doubled. Therefore, we see significant prospects for further scaling our presence in this segment,” noted Dmytro Bashtovyi, Director of the Partner Relations Department at Oschadbank.
Oschadbank and the European Bank for Reconstruction and Development (EBRD) have signed a letter of mandate regarding the preparation and implementation of a new risk-sharing facility to support Ukrainian businesses with a financing portfolio of up to €510 million, the state-owned bank announced on Monday.
The document was signed in London following a meeting between Oschadbank CEO Yuriy Katsion and EBRD Managing Director and Head of Financial Institutions Francis Malige on the sidelines of the “Pathways to Paris 2026” conference.
“To date, the total financing limit under the risk-sharing programs implemented by Oschadbank with the EBRD since early 2024 has reached EUR300 million,” Katsion noted.
Under the new instrument, the EBRD may assume up to 70% of the credit risk for individual transactions.
The program is intended to support businesses that have suffered losses or damage as a result of the war, relocated businesses, companies contributing to economic recovery, as well as businesses owned by veterans, internally displaced persons, and women-led enterprises.
The parties agreed to continue working on structuring the program and finalizing the parameters of further cooperation.
Oschadbank serves approximately 6 million active customers and is the leader in corporate lending with a market share of about 14%. As of February 1, 2026, the bank’s loan portfolio stood at UAH 127.5 billion.
According to National Bank data, as of February 1, 2026, Oschadbank ranked second (UAH 494.51 billion) in terms of net assets among 60 banks.
As reported, in 2025 the EBRD allocated EUR2.9 billion in financing, including EUR504 million under portfolio risk-sharing programs, which facilitated new lending by Ukrainian partner financial institutions totaling up to EUR1.6 billion.
The state-owned Oschadbank (Kyiv) ended 2025 with a net profit of UAH 16.1 billion, which is more than double the 2024 figure of UAH 7.9 billion, the financial institution reported on Thursday.
“In 2025, we proved that a state-owned bank can not only be financially stable, but also remain a leader in customer trust… Last year’s results allowed us to strengthen the bank and create resources for further development,” said Yuriy Katsion, chairman of the board of Oschadbank.
According to the financial institution, its pre-tax profit in 2025 exceeded UAH 19 billion, compared to UAH 18.7 billion in 2024.
Oschadbank specified that one of the key factors in the growth of its financial results was the expansion of lending to the real sector: in the retail segment, the loan portfolio grew to UAH 26.7 billion (+26%), in micro, small and medium-sized businesses – to UAH 30.2 billion (+16%), and in corporate business – to UAH 71.3 billion (+12%).
Interest income from loans increased by 23% last year and exceeded UAH 20 billion, net interest income increased by 28% to UAH 31.1 billion, and total operating income increased by 25% to UAH 38.8 billion, the bank said.
Oschadbank’s liabilities as of the end of 2025 amounted to UAH 467.7 billion, while customer funds increased by UAH 68.5 billion (+18%) over the year.
At the same time, the bank added that work on problem debt, in particular the settlement of NPLs within the framework of the TOK Gulliver project, contributed to the financial result.
According to the bank, the share of government bonds in assets in 2025 decreased to 38% from 45%, reflecting a shift in focus towards lending to the real sector.
The bank reported that it serves about 6 million active customers and is the leader in lending to legal entities with a market share of about 14%. As of January 1, 2026, Oschadbank’s loan portfolio amounted to UAH 128.2 billion (+15.4%).
According to the National Bank, as of January 1, 2026, Oschadbank ranked second (UAH 514.65 billion) in terms of net assets among 60 banks.
The state-owned Oschadbank (Kyiv) reported that, according to official statistics from the National Bank of Ukraine (NBU) as of January 1, 2026, it ranked first among Ukrainian banks in terms of net loan portfolio to legal entities.
“Oschadbank continues to hold the lead in business financing for the second year… At the beginning of 2026, we also ranked first in terms of total loan portfolio, providing businesses with financing of more than UAH 122 billion,” said Yuriy Katsion, Chairman of the Board of Oschadbank.
According to NBU statistics, Oschadbank’s net loan portfolio amounted to almost UAH 101.6 billion, which is 13% of the market, and grew by more than UAH 11.5 billion, or 12.9%, over the year. Separately, it is noted that the financial institution became the first in terms of the total volume of the loan portfolio of legal entities without accrued interest and deduction of reserves.
According to Oschadbank, 33% of the net loan portfolio is directed towards financing energy projects and providing energy resources, almost 25% towards the agro-industrial complex and food processing, and 8.4% towards supporting the country’s defense capabilities.
In addition, the volume of funds of legal entities attracted by the bank at the beginning of 2026 amounted to UAH 212 billion in equivalent (11% of the market) and almost UAH 180 billion (13%) in national currency. According to the bank, the business portfolio grew by more than UAH 49 billion over the year.
At the end of 2025, the corporate banking segment showed growth: the volume of business funds increased by 17.3% year-on-year, and lending by 30.1%.
According to the National Bank, as of early January 2026, Oschadbank, with total assets of UAH 514.7 billion (12.9% of the total), ranked second among 60 banks in Ukraine in terms of this indicator.
Entrepreneurs can obtain a preferential loan at 0% per annum through Oschadbank under the state program “Affordable Loans 5-7-9%” for the purchase and connection of energy equipment. The program is aimed at supporting small and medium-sized businesses for which a stable power supply is critical.
Energy loans are provided for the purchase and connection of:
The instrument was introduced as an additional mechanism to increase the energy resilience of businesses and reduce the risks of downtime and loss of income during periods of peak loads on the power system.
Program terms:
Financing is available to sole proprietors and legal entities (micro, small, and medium-sized businesses) that meet the program criteria. For sole proprietors with an income of up to UAH 50 million, no collateral is required (only a guarantor).
“Energy efficiency today is a matter of business survival. As a strategic partner of the state, Oschadbank gives priority to supporting entrepreneurs by providing quick and convenient access to financing to preserve companies and jobs,” said Natalia Butkova-Vitvitskaya, member of the Oschadbank Board.
Since the launch of the “Affordable Loans 5-7-9%” program, Oschadbank has concluded more than 20,000 loan agreements worth over UAH 55 billion, supporting the operational stability of Ukrainian businesses in the context of the war.
Detailed advice on opening an account and participating in the program is available at any Oschadbank branch or by calling the contact center at 0 800 219 800.
Additional information about the program is available at energycredit.bdf.gov.ua.
