State-owned Oschadbank, Ukrgasbank, and Ukreximbank (all based in Kyiv) provided Ukrainian cities with 10 loans totaling UAH 3.0 billion in the second quarter of 2025, according to information from the Ministry of Finance.
According to the information, Ukrgasbank issued the largest number of loans – seven loans totaling UAH 1.93 billion.
Lviv received the largest loan from the bank in the amount of UAH 650.5 million.
The interest rate for the first year is 16.15% per annum, and from the second year onwards, the rate is variable based on the indicative UIRD 12M rate + 3.02% margin (calculation: 16.15% – 13.13% UIRD 12M on the date of the agreement). The interest rate is reviewed annually but cannot exceed 22%. The loan term is 60 months, with a grace period of 24 months.
Dnipro received two loans from the aforementioned bank for a total amount of UAH 543.1 million.
The first loan is for UAH 333.1 million with an interest rate of 15.5% in the first year, followed by a variable UIRD 12M + 3% with annual review, but not exceeding 23%. The loan term is 36 months, with a grace period of 12 months.
The second loan is for UAH 210.0 million, with an interest rate of 16.15% in the first year from the second year – variable UIRD 12M + 3.03% (calculation: 16.15% – 13.12% UIRD 12M on the date of the agreement), maximum – 23%, term – 36 months, grace period – 12 months.
Kryvyi Rih has attracted two loans from Ukrgasbank for a total amount of UAH 394.3 million.
The first loan is for UAH 217.6 million, and the second is for UAH 176.7 million.
Both loans have a fixed rate of 15.5% in the first year, followed by a variable rate of UIRD 12M + 3% with annual review, but not exceeding 23%. The loan term is 84 months, with a grace period of 18 months.
Zaporizhia also received a loan of UAH 300.0 million. In the first year, the rate is 15.5%, and from the second year, a variable rate based on UIRD 12M + 3% with a limit of no more than 23%. The term is 84 months, with a grace period of 18 months.
In addition, the village of Kolchino in Zakarpattia received a loan of UAH 50.0 million. In the first year, the rate is 16.15%, then a variable rate of UIRD 12M + 3.03% (based on 16.15% – 13.12% UIRD 12M on the date of the agreement), with a limit of 23%. The loan is provided for a term of 36 months.
Oschadbank issued two loans totaling UAH 968.0 million. The first loan was received by Lviv – UAH 668.0 million, with an interest rate of 16.15% in the first year from the second year, variable UIRD 12M + 3.02% margin (16.15% – 13.13% (UIRD 12M on the day preceding the date of the agreement) with annual review, but not more than 22% for 60 months, grace period – 24 months.
The second loan was received by Dnipro – UAH 300.0 million first year – 16.1% per annum, from the second year – variable UIRD 12M +2.98% margin (16.1% – 13.12% (UIRD 12M on the day preceding the date of the agreement), but not exceeding 22% for 60 months, with a grace period of 12 months.
In turn, Oschadbank provided two loans to Lviv and Dnipro for a total amount of UAH 968.0 million.
Lviv received a loan of UAH 668.0 million. The interest rate for the first year is 16.15% per annum. Starting from the second year, a variable rate will apply: indicative UIRD 12M + margin 3.02% (calculated based on the UIRD 12M level of 13.13% on the day preceding the conclusion of the agreement). The rate is reviewed annually but will not exceed 22%. The term is 60 months, with a grace period of 24 months.
Dnipro received a loan of UAH 300.0 million. In the first year, the rate is 16.1% per annum. From the second year, the rate will be variable UIRD 12M + margin of 2.98% (with a base UIRD 12M of 13.12% at the time of signing the agreement). The maximum rate is capped at 22%. The loan term is 60 months, with a grace period of 12 months.
Ukreximbank provided a loan of EUR 1.8 million (approximately UAH 87.7 million) to Sokil in the Lviv region. The rate is variable: based on the indicative EURIBOR 6M rate plus a margin of 4.24% (at the date of the agreement, this amounted to 6.3% – 2.06% EURIBOR 6M). The maximum rate is capped at 8% per annum. The loan term is 60 months, with a grace period of 12 months.
After many years of struggle, a consortium of state-owned Oschadbank (80%) and Ukreximbank (20%) has acquired ownership rights to the Gulliver retail and office complex (Gulliver Trade and Office Complex) in Kyiv, one of the largest and most expensive trade and office complexes in Ukraine, according to a statement released on Saturday by the coordinator of the Oschadbank consortium.
“After years of struggle, the state-owned Oschadbank and our Ukreximbank have obtained ownership of the Gulliver shopping and entertainment center in Kiev as repayment for the debts of its beneficiary. This is the result of the work of teams from both banks, the state, and legal advisors,” wrote Alexander Bevz, a member of Ukreximbank’s supervisory board, on Facebook.
The bank’s statement notes that TOK Gulliver served as collateral for the loan, and the foreclosure procedure was initiated due to the failure of Tri O LLC, the debtor who owned TOK Gulliver, to fulfill its obligations under the loan agreement.
Oschadbank supervisory board member Roza Tapanova noted that privatization of this asset is not possible.
“Management and sale,” she described the possible options under Bevz’s post.
In turn, according to Oschadbank, the consortium is offering all tenants of TOK Gulliver to contact Oschadbank’s legal advisor Sayenko Kharenko to re-register their contractual relationships and report that there are no legal grounds for making rent payments to the previous owner.
TOK Gulliver in the Pechersky district of the capital was opened in 2013. Its area is 151,800 square meters. The construction of Gulliver was mainly financed by Oschadbank, which provided LLC “Tri O” with a $460 million loan. The debt restructuring procedure under the loan agreement with a mortgage on TOK Gulliver in the amount of UAH 18 billion 176.9 million was completed in 2020.
TOK Gulliver was transferred to the management of the National Agency of Ukraine for the Identification, Search, and Management of Assets Derived from Corruption and Other Crimes (ARMA) by a decision of the Shevchenkivskyi District Court of Kyiv dated June 3, 2024, and the Kyiv Court of Appeal dated June 25, 2024, at the request of the Office of the Prosecutor General as part of a criminal investigation by the Economic Security Bureau (ESB) into the possible evasion of nearly UAH 146 million in taxes by TOK’s management. The BEB issued a corresponding suspicion to the director of Gulliver in May 2023.
ARMA twice announced a competition for the management of TOK Gulliver, but rejected the applications of the candidates due to non-compliance with the tender offer.
As noted by ARMA head Elena Duma, the market value of the property is UAH 7.6 billion according to an assessment conducted by an independent appraiser selected on a competitive basis, and the minimum amount of expected income was more than UAH 17 million per month.
On July 17, JSC “Oschadbank” opened the bidders’ offers for voluntary medical insurance of employees. As reported in the system of electronic public procurement Prozorro, the offer of the only bidder – IC “VUSO” – amounted to 134.285 million UAH. The expected cost of purchasing services is UAH 134.3 mln.
As it was informed, the winner of the similar tender a year ago was also IC “VUSO” with the price offer of UAH 114,2 mln against the expected cost of UAH 114,8 mln.
IC “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.
Oschadbank has signed an investment loan agreement worth EUR 10.8 million with Helios Strategia Group’s subsidiary, Elio Luchky LLC, to finance the construction of a solar power plant with an installed capacity of 22.35 MW, inverter capacity of 16 MW and an energy storage facility (ESF) with a capacity of 33.44 MWh.
According to the bank’s press release on Monday, the solar power plant and energy storage facility will be located in the Mukachevo district of Zakarpattia region, with commissioning scheduled for January 2026.
“Our agreement with Helios Luchky is a 7-year project financing deal. These are the same “long-term” funds for new construction that are needed for economic development. I am glad that more and more such investment projects are being implemented,” commented Yuriy Katsion, Deputy Chairman of the Management Board of Oschadbank, responsible for corporate business.
According to him, this project is significant in terms of combining technologies that will ensure maximum profitability when selling electricity on the day-ahead market.
In his opinion, this is a good example of a balanced approach to the development of the country’s decentralized energy system.
“This project is not only a step towards a new decentralized energy sector, but also a demonstration of the technological readiness of Ukrainian companies to implement complex infrastructure solutions. We are grateful to the Oschadbank team for their partnership and belief in high-quality projects for a new energy future,” said Olena Skrypnyk, founder of Helios Strategia.
The release states that the international engineering group Helios Strategia specializes in EPC projects for solar energy and the implementation of renewable energy solutions for the industrial and commercial sectors. The total capacity of solar power plant projects in which the group has participated reaches 1.2 GW. The group’s other facilities are located mainly in the Dnipropetrovsk region, as well as in the Odesa and Mykolaiv regions.
As reported at the end of June, according to Yevhen Myachyn, Director of the Corporate Business Development and Support Department at Oschadbank, since the beginning of 2025, the volume of energy loan agreements concluded by Oschadbank with corporate clients has increased to EUR93 million, of which approximately 45% are energy storage facilities (ESF), 43% are wind farms, and 12% are ESF together with solar power plants.
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.
Since the beginning of 2025, the state-owned Oschadbank has signed loan agreements with large corporate businesses worth EUR 87 million for the implementation of energy projects, which is almost twice as much as in the whole of last year, according to a press release issued by the bank on Friday.
“While in 2024, 70% of the projects we financed were gas piston generation, in 2025, 50% of the projects will be energy storage facilities and 40% will be wind power generation,” said Yevhen Myachyn, director of the corporate business development and support department at Oschadbank, at the Energy Club forum ” Consumer-Oriented Energy System” in Kyiv.
According to him, the stabilization of the energy system, changes in gas prices and reserves have encouraged businesses to shift their focus to technologies that look more promising in the long term.
Oschadbank estimates its share of the energy loan market in Ukraine at 30% according to NBU statistics, which show that from June 1, 2024, to May 25, 2025, banks provided loans and opened limits for energy projects worth UAH 18.2 billion, or more than 705 MW of generation capacity.
“Oschadbank also continues to maintain its leading position in financing companies in the energy sector. According to the results of the first four months of 2025, Oschadbank’s share is 32%,” the state-owned financial institution emphasizes.
According to the National Bank of Ukraine, as of the beginning of 2025, Oschadbank ranked second in terms of total assets (UAH 963.39 billion, or 12.4%) among 61 banks in the country.
