Business news from Ukraine

Business news from Ukraine

TAS Group has begun actively investing in real estate development

The TAS Group has begun actively investing in real estate development and is carrying out major construction projects in Kyiv, according to the group’s founder, Serhiy Tihipko.

He said the group has begun construction of 220,000 square meters in Obolon and has purchased an additional 5 hectares for this project.

“In 2027, we will begin construction of 350,000 square meters on the Left Bank. This is a fairly large investment,” said Tigipko.

Thus, real estate development is becoming one of the group’s key investment areas, alongside the financial sector and agribusiness.

Such projects are important for Kyiv’s real estate market, as they can increase the supply of residential and commercial space in major districts of the capital. At the same time, real estate development remains a capital-intensive sector that is sensitive to demand, construction costs, the availability of financing, and changes in the population’s purchasing power.

The TAS Group was previously known primarily as a financial and industrial group; however, its active construction of large-scale projects demonstrates an expansion of its interests into real estate and urban development.

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TAS Group plans to invest up to $300 mln in banks and insurance companies

The TAS Group plans to invest $250–300 million in the authorized capital of banks, insurance companies, and other financial sector assets, according to the group’s founder and chairman, Serhiy Tihipko.

According to him, the group is the largest private Ukrainian owner in the financial sector and intends to continue strengthening its position.

“Today, we are the largest among private Ukrainian owners in the financial sector. And we are gaining momentum here. Therefore, whether we like it or not, we will have to invest in authorized capital. I think we’ll invest somewhere between $250–300 million just to increase authorized capital,” said Tigipko at the Concorde Capital investment conference in Kyiv.

The group also continues to consider deals to acquire financial assets. Tigipko reported that TAS was interested in acquiring the insurance company MetLife, but was beaten to it by Poland’s PZU.

“That’s okay, we’ll wait. I told Richard Branson: deals are like a bus—one leaves, another comes. We’ll wait for the next one,” he noted.

The financial division of the TAS Group includes, among others, TAScombank, Universal Bank (which operates the mono platform), and Idea Bank. For the group, further capital increases at its banks and insurance companies mean strengthening its market presence, where—following the war and sector consolidation—the importance of large private players may grow.

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TAS Group is looking into logistics and ports, but considers this sector to be overvalued

The TAS Group is considering investments in logistics and port infrastructure, but is taking a cautious approach to this sector for now, according to the group’s founder, Serhiy Tihipko.
He said he personally visited Chornomorsk to explore investment opportunities.
“I can say that I’m not particularly fond of this sector: in my view, it’s overvalued; everyone has gotten used to the abnormally high rates that were in place at the start of the war. That won’t happen again,” said Tigipko.
In his assessment, some assets in logistics and ports may be overvalued due to the high rates that emerged at the start of the full-scale war amid a capacity shortage and the restructuring of export routes.
At the same time, TAS’s interest in logistics seems logical given the group’s presence in the agricultural sector, industry, and other sectors where transportation, storage, export infrastructure, and access to ports are crucial.
Tigipko emphasized that the group is constantly analyzing new projects and waiting for suitable opportunities for deals.
“We’re sitting and waiting for a good, big catch,” he noted.

 

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TAS Group plans to invest up to $300 mln in financial sector

The TAS Group plans to invest $250–300 million in the authorized capital of banks, insurance companies, and other assets it holds in the financial sector, It also aims to expand its land bank and strengthen its grain storage operations in the agricultural sector, is actively investing in real estate development, and is exploring opportunities in logistics and port infrastructure, according to the group’s founder and head, Serhiy Tihipko.

“We are currently the largest private owner in the Ukrainian financial sector. And we are accelerating our pace here. Therefore, whether we want to or not, we will have to invest in authorized capital. “I think we’ll invest somewhere between $250 million and $300 million just to increase authorized capital,” said Tigipko at the Concorde Capital investment conference, which the investment firm held for the first time since 2019 last week in Kyiv.

“As for everything else, we’ll explore options. We’re interested in agriculture. We’d be happy to buy 20–25 thousand hectares right now. We’re expanding our grain storage facilities,” the founder added.

He noted that the group has now begun actively investing in real estate development.

“We’ve started a 220,000-square-meter project in Obolon. We’ve purchased an additional 5 hectares for the same project. In 2027, we’ll start a 350,000 (square meters) project on the Left Bank. These are fairly large investments,” the businessman clarified.

According to him, the group is also looking into logistics and port infrastructure, and Tigipko himself has personally visited Chornomorsk.

“I can say that I don’t really like the sector: in my opinion, it’s overvalued; everyone has gotten used to some kind of abnormal rate that existed at the start of the war. That won’t happen again,” the group’s owner noted.

He emphasized that the group constantly analyzes projects “every year, every day.”

“We’re sitting and waiting for a good, juicy deal to come along. We wanted to buy an insurance company (MetLife), but the Poles (PZU) beat us to it. That’s okay, we’ll wait. I told (Richard) Branson that deals are like a rail bus: one leaves, another will arrive. We’ll wait for the next one,” said Tihipko.

The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, the agricultural sector, the food industry, the production of packaging materials, and real estate. Among others, it includes TAScombank, Universal Bank (mono), and Idea Bank.

Oleg Zapletnyuk, CEO of the agricultural holding “TAS Agro,” reported earlier this year that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026. “The next step is to increase it to 120,000 hectares, but that will be by 2028,” he said.

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TAS Insurance Group Increased Insurance Payouts by 74.1% in June

In June 2026, the TAS Insurance Group (Kyiv) paid out 343.5 thousand UAH under its insurance contracts, which is 74.1% more than during the same period in 2025.

According to the insurer’s website, 19.3% of total payouts were for comprehensive auto insurance (CASCO), or 66.4 million UAH (34.5% more than in May 2025); 49.1% were for mandatory third-party liability insurance (OSCPV), or 168.7 million UAH (2.1 times more); and “Green Card” insurance—15.9%, or 54.6 million UAH (+59.2%).

The share of voluntary medical insurance (VMI) in the company’s claims portfolio was 42.04 million UAH (+41%). Meanwhile, under property insurance policies, the company paid out 3.2 million UAH, which is 3.4 times more than the figure reported for May of last year.

Under other insurance policies, the company paid out 8.57 million UAH during the month—2.2 times more than last year.

TAS Insurance Group was registered in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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TAS Insurance Group Increased Insurance Payouts by 78% in April

In April 2026, TAS Insurance Group (Kyiv) paid out UAH 374,100 under its insurance contracts, which is 78% more than during the same period in 2025.

According to the insurer’s website, 18.8% of the total payouts were for comprehensive auto insurance (CASCO), or UAH 70.23 million (38.5% more than in March 2025); 54.7% were for mandatory auto liability insurance (OSCPV), or UAH 204.5 million (2.53 times more); “Green Card” – 13.4%, or UAH 50.7 million (+23.3%).

The share of voluntary medical insurance (VMI) in the company’s claims portfolio was 11.7%, or UAH 43.6 million (+46.4%). In turn, claims under property insurance contracts increased by 30.7% to UAH 1.4 million.

Under other insurance contracts, TAS Insurance Group paid out UAH 4.24 million in April 2026, which is 10% more than in April 2025.

TAS Insurance Group was established in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It maintains an extensive regional network: 28 regional offices and branches, and 450 sales offices throughout Ukraine.

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