The state-owned Ukrgasbank (Kyiv) has granted two loans to Kryvyi Rih totaling UAH 105.5 million for a term of seven years with a grace period of 12 months, according to information on the website of the Ministry of Finance.
According to the information, the interest rate on the loan of UAH 87.6 million is 14.5% per annum in the first year and, from the second year, a variable UIRD 12M +3% with annual review, but not exceeding 23%.
The second loan of 17.9 million is issued at a rate of 16% per annum for the first year, which from the second year is UIRD 12M + 3.62% with annual review, but also not more than 23%. It is explained that 3.62% is 16% minus the current UIRD 12M at 12.38%.
According to the National Bank of Ukraine, as of March 1, 2025, Ukrgasbank ranked fifth (UAH 217.52 billion) among 60 banks operating in the country in terms of total assets.
As reported, at the end of November last year, Ukrgasbank issued a five-year loan to the city of Dnipro for UAH 100 million with a 12-month grace period at 13.5% in the first year and UIRD 12M +3%, but not more than 23% in subsequent years.
State-owned Oschadbank and Ukrgasbank, together with PUMB, issued a loan of UAH 2.8 billion to a defense industry enterprise in the fourth quarter of 2024 under the Program for Strengthening the State’s Defense Capabilities and Meeting the Urgent Needs of the Armed Forces of Ukraine, according to information on the website of the Ministry of Finance.
As clarified to the Interfax-Ukraine news agency by Oschadbank, the bank acted as the organizer of this consortium loan, which was the first loan to the domestic defense industry.
“As the coordinating bank for this agreement, Oschadbank has set itself the main task of creating a consortium not so much to diversify risks as to set a precedent for involving banks that do not have access to state secrets in the financing of defense industry enterprises,” commented Yuriy Katsion, deputy chairman of the board of Oschadbank, responsible for corporate business.
The shares of the participants in the consortium loan are not disclosed.
As reported, since the start of the full-scale war, Oschadbank has concluded loan agreements to support the defense industry worth over UAH 17.1 billion.
According to the Ministry of Finance, in 2024, the state-owned Oschadbank, Ukreximbank, Ukrgasbank, and PUMB provided 11 loans under state guarantees to defense industry enterprises under the above-mentioned program in the amount of UAH 21 billion. Excluding the consortium, Oschadbank issued six loans worth UAH 9.86 billion, and Ukreximbank issued four loans worth UAH 8.25 billion.
A year earlier, Oschadbank provided a loan worth UAH 6.09 billion under this program, and Ukreximbank provided a loan worth UAH 5.98 billion.
The state-owned Ukrgasbank (Kyiv) has put up for sale via the OpenMarket platform (SE SETAM of the Ministry of Justice) an administrative and production complex at 2-b Kurenivska Street in Obolon district of Kyiv with a starting price of UAH 240.2 million.
According to the press service of SETAM, the lot consists of an administrative building (4.8 thousand square meters), a brick garage (49.8 square meters) and warehouse buildings (15.9 thousand square meters in total). The total area of the complex is 20.9 thousand square meters.
It is noted that the components of the complex are under five arrests in criminal proceedings, and there is a dispute over the ownership. Other restrictions include the bank’s right to use utilities, the absence of contracts for the supply of utilities, including electricity, gas, and water.
The auction based on the Dutch model is scheduled for April 22.
According to the National Bank of Ukraine, Ukrgasbank was ranked fifth in terms of assets (UAH 213.72 billion) among 61 banks at the beginning of this year.
Borrowings from clients in the agricultural sector account for about 40% of the loan portfolio of the state-owned Ukrgasbank (Kyiv), said Mykola Alfyorov, deputy director of the small and medium business department of the financial institution.
“In general, 40% of our loan portfolio is made up of clients from the agricultural sector. This area will always be a priority, despite all the risks, as evidenced by the statistics of all banks,” he said at the Agro Finance Summit in Kyiv on Thursday.
According to him, in 2024 Ukrgasbank increased lending to the agricultural sector in the investment direction: it accounted for 50% of all loans. In total, since the beginning of the full-scale war, the bank has issued loans for almost UAH 10 billion.
“In the first year of the war, it was a task aimed at replenishing working capital and providing it to farmers so that they could sow and harvest on time. Already in 2023, we saw a dynamic increase in the investment interest of the agricultural sector, and in 2024 it was a real growth,” said Alfiorov.
Among the most popular financial products among agrarians, he named the state program “5-7-9%” in combination with international programs.
The Deputy Director of the Department also pointed out that Ukrgasbank actively provides financing up to UAH 8 million using guarantee mechanisms from farmers, but this amount can be doubled to UAH 16 million under a portfolio guarantee or a guarantee of an international organization.
According to the National Bank of Ukraine, as of November 1, 2024, Ukrgasbank ranked 5th (UAH 136.18 billion) among 62 banks operating in the country in terms of total assets. The net profit of the financial institution for 10 months of the year amounted to UAH 4.84 billion, while for the same period in 2023 it was UAH 3.36 billion.
State-owned Ukrgasbank (UGB, Kyiv) has announced the launch of contactless payment acceptance technology for small businesses through the UGB Tap&Pay application for Android smartphones in cooperation with Visa, the financial institution’s press service said on Friday.
“Mobile acquiring is based on Visa Tap to Phone contactless payment technology, which allows you to use a smartphone on the Android operating system version 8.0 and higher as a POS terminal. Now entrepreneurs no longer need a physical terminal – download UGB Tap&Pay and accept payments conveniently and instantly,” the state bank’s press release explains.
The press service of the financial institution clarified that the acquiring fee is 1.3%. “Ukrgas plans to launch this service on smartphones with the iOS operating system next year.
According to the National Bank of Ukraine, as of November 1 this year, Ukrgasbank ranked 5th (UAH 136.18 billion) among 62 banks operating in the country in terms of total assets. The financial institution’s net profit for the first ten months of this year amounted to UAH 4.84 billion, while in the same period last year it was UAH 3.36 billion.
Since the beginning of 2024, the state-owned Ukrgasbank (UGB, Kyiv) has financed almost 90 energy projects totaling UAH 1.8 billion, said Tetiana Kornienko, Director of the Small and Medium Business Department of Ukrgasbank, at Get festival business on December 12 in Kyiv.
“The main part of UAH 1.3-1.4 billion is made up of two components: solar stations and cogeneration units,” she said.
Cogeneration accounts for the largest share of the total amount of loans granted due to the high cost of projects in this segment.
Also, about 20% of the total amount of loans disbursed is for the purchase of generators, which belongs to small projects.
“We lend to almost the entire line of equipment used in the generation sector. These include generators, solar panels, cogeneration, and wind farms. We are ready to take on any project,” the department director emphasized.
According to her, the bank has its own technical office that provides assistance in analyzing projects and finding optimal solutions. Ukrgasbank also has a fairly wide range of financing programs.
According to Kornienko, one of Ukrgasbank’s key requirements for borrowers is that they have sufficient cash flow to cover loan repayment, including the flow generated by the project itself.
