The state-owned Ukreximbank (Kyiv) provided a UAH 135 million loan to Eco-Sfera, a natural juice producer from Vinnytsia region, half of which is covered by a state guarantee.
According to the bank’s website, the loan was issued in the form of a tranche credit line with the use of a state risk-sharing mechanism, with 50% of the limit secured by a state portfolio guarantee.
The funds will be used for seasonal accumulation of raw materials, which will enable the company to increase production during peak periods and strengthen the market presence of its brands both in the regions and at the national level.
According to the NBU, as of April 2025, Ukreximbank ranked third (UAH 311.8 billion) among 60 operating banks in terms of total assets.
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.
The European Investment Bank (EIB) and state-owned Ukreximbank (Kyiv) have signed a Letter of Intent to sign a financial agreement under the Economic Resilience Support Program II project for a total amount of EUR 100 million to finance small and medium-sized enterprises (SMEs), particularly in the energy efficiency and green technology sectors.
According to the bank’s website on Monday, the document was signed on July 10 at the International Conference on the Recovery of Ukraine (URC2025). The agreement is expected to give Ukrainian businesses access to long-term financing on favorable terms.
“Thanks to access to long-term financing, companies will be able to implement environmentally friendly projects, modernize production, and confidently integrate into the EU economic space,” said Viktor Ponomarenko, chairman of the board of Ukreximbank, as quoted in the statement.
According to the press release, the program aims to improve access for small and medium-sized businesses, as well as mid-cap companies, to sources of financing for investment projects and working capital needs. The initiative is expected to contribute to Ukraine’s sustainable economic development, its integration into the EU economy, and the entry of Ukrainian companies into international markets.
Within the framework of the EIB’s Green Initiative, Ukreximbank’s clients will be able to implement projects in the fields of renewable energy, energy efficiency, and the introduction of clean innovative technologies.
According to the NBU, as of April 2025, Ukreximbank ranked third in terms of total assets among 60 operating banks, with UAH 311.8 billion.
The state-owned Ukreximbank (Kyiv) provided a EUR 3.2 million loan to Kostopil Glassworks LLC (KSZ) to acquire a stake in the regional brewery PrJSC Khmelpyvo.
“The acquisition of a stake in PJSC Khmelpyvo will be a logical step in diversifying the business and optimizing production chains,” the bank said.
The financial institution emphasized that the financing is intended to support the Ukrainian glass container manufacturer in expanding its business and entering the beer market. The agreement will also contribute to strengthening vertical integration between the production of packaging containers and finished food products.
According to the NBU, as of April 2025, Ukreximbank ranked third in terms of total assets among 60 operating banks with UAH 311.8 billion. The bank’s net profit for the first quarter of 2025 increased by 26% to UAH 2.4 billion.
A large manufacturer of glass containers, Kostopil Glassworks (KZS, Rivne region), is in the process of acquiring PJSC Khmelnytsky Regional Brewery (Khmelpyvo, TM Proskurivske, Khmelnytske), a regional beer producer.
As reported, on May 22, the Antimonopoly Committee of Ukraine granted KZS permission to acquire control over PJSC Khmelpyvo. According to the information disclosure system of the National Securities and Stock Market Commission, the main shareholder of Khmelpyvo, with a 78.0286% stake, is the company’s director, Oleksandr Lysyuk. The company has convened an extraordinary shareholders’ meeting on June 13, at which the supervisory board headed by Lysyuk will be dismissed and replaced by a new one headed by the chairman of the Federation of Employers of Ukraine, Dmytro Oliynyk, who owns 19.46% of KZS and, together with his family, 49.53%.
In 2024, Khmelpyvo increased its revenue by 2.8% to UAH 146.41 million and reduced its net profit by 3.9% to UAH 76.86 million. At the meeting on April 8 this year, the issue of allocating all profits to the technical re-equipment of the company was raised.
At the beginning of this year, its equity capital amounted to UAH 547.97 million, cash – UAH 326.04 million, assets – UAH 559.4 million, and the number of employees – 125.
Kostopil Glassworks is one of the largest industrial enterprises in the Rivne region and is one of the five largest manufacturers of glass containers in Ukraine. The company ended 2024 with a net profit of UAH 76.5 million, which is 6.6 times less than in 2023, and its net income decreased by 18% to UAH 1 billion 467.8 million.
The main products of KSZ are beverage containers (91% of last year’s production), with bottles accounting for 9%. According to the plant, last year 51% of its products (UAH 755.3 million) were exported, in particular to Poland, Hungary, Romania, Bulgaria, Slovakia, Moldova, Lithuania, Latvia, and Estonia.
KZS reported that it plans to increase glass container production by 10-15% annually and increase sales accordingly. As of early 2025, the plant employed 503 people.
According to YouControl, Oliinyk owns 19.46% of KZS LLC, his family members Tetyana, Kyrylo, and Ivan Oliinyk own 16.27% and 6.9% respectively, another 22% belongs to the Bulgarian company Fisherman Investments, 9.06% to Andriy Rybitsky, 4.85% each to Anatoliy Kucheruk, Leonid Smilyanets, Andriy Filimonuk, and a private enterprise, the Sava firm.
State-owned Ukreximbank (Kyiv) increased its net profit in the first quarter of 2025 by 26%, or UAH 508.6 million, to UAH 2.4 billion compared to the first quarter of last year, becoming one of the three most profitable banks during this period.
According to the bank’s report on its website, its net interest income increased by 42.5%, or UAH 686.5 million, to UAH 2.3 billion, while net commission income increased by 4.4%, or UAH 12.6 million, to UAH 301.4 million.
The bank’s total assets for January-March 2025 increased by 0.3%, or UAH 945.5 million, to UAH 292 billion, while total liabilities decreased by 0.4%, or UAH 1 billion, to UAH 278.8 billion.
At the same time, the amount of customer funds in Ukreximbank increased by 1.3%, or UAH 3.26 billion, to UAH 247.3 billion, while bank funds decreased by 17%, or UAH 393 million, to UAH 1.92 billion.
In the first quarter of this year, Ukreximbank increased its equity capital by 17.6%, or UAH 1.9 billion, to UAH 13.3 billion.
“During the first three months of 2025, the bank exceeded the expected capital adequacy ratios set by the updated Capitalization Program and complied with the minimum prudential requirements in accordance with the NBU’s requirements,” the report said.
As reported, Ukreximbank ended 2024 with a record pre-tax profit of UAH 5.9 billion, which is 20.1% more than in 2023.
