The state-owned Ukrgasbank (Kyiv) has provided Lviv with a five-year loan of UAH 650.5 million for repairs to schools, hospitals, streets, and park improvements.
According to the bank’s website on Thursday, the loan will be used to renovate educational, healthcare, cultural, and urban infrastructure facilities.
According to Viktoria Dovzhik, director of the financial policy department of the Lviv City Council, they are consciously taking on long-term commitments for investment in the city.
As specified to Interfax-Ukraine, the loan will be issued for a term of five years, but other terms of the loan are not disclosed.
According to the National Bank of Ukraine, in April 2025, Ukrgasbank ranked fifth (UAH 220.0 billion or 5.9%) among 60 banks operating in the country in terms of total assets.
As reported, in the first quarter of this year, Ukrgasbank issued two loans to Kryvyi Rih for a total amount of UAH 105.5 million for a term of seven years with a grace period of 12 months. 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 UAH 17.9 million is issued at an interest 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 exceeding 23%. It was explained that 3.62% is 16% minus the current UIRD 12M at 12.38%.
