Business news from Ukraine

Business news from Ukraine

PrivatBank has launched a media campaign titled “Do Something—Something Will Happen”

State-owned PrivatBank has launched a large-scale media campaign titled “Do Something—Something Will Happen,” which will cover key communication channels, including radio, outdoor advertising, digital video platforms, social media—Instagram, TikTok, and Facebook—and banner networks, according to a statement posted Tuesday on the website of Ukraine’s largest financial institution.
“Our research and surveys show that during wartime, there’s no time to put things off until later; instead, we must live life to the fullest here and now, without waiting for a better time,” the release quotes Mikael Björkner, the bank’s chairman of the board, as saying.
“Whether it’s starting a business, raising a family, buying your first home, or spending more time with loved ones—we’re there for our customers through all these important moments,” he added.
It is noted that to launch the new branding campaign, PrivatBank created a music video featuring the artist thekomakoma, who is currently serving in the Armed Forces of Ukraine. The campaign’s ambassadors include Amil and Ramil from Kurgan&Agregat, veteran Rusya Danilkina, representatives of the Ukrainian business community—Marchuk Khlib and Nick.sense—as well as the bank’s clients who are developing their own projects, running businesses, pursuing creative endeavors, or transforming the country, each in their own way.
The press release does not include information on the campaign’s cost.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).
The state-owned bank noted that, according to regular Brand Health Tracking surveys for the first quarter of 2026, the level of trust in it is higher than that of other financial institutions on the market and stands at 49%. The bank attributes this to the availability of accessible, personalized, and digitized products for its customers.

, , , ,

“Yuria” has agreed to transactions with Pivdenny Bank totaling up to 900 mln UAH

Shareholders of PJSC “Yuria” (trademark “Voloshkove Pole”) have preliminarily approved significant transactions with AB “Pivdenny” totaling up to 900 million UAH, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

The relevant decision was adopted at the general meeting of shareholders on July 2, and the minutes of the voting results were signed on July 7.
As noted in the announcement, the prior consent covers the conclusion of loan and other financial agreements with the bank, as well as amendments to existing agreements, specifically regarding financing limits, terms, interest rates, and fees.

In a separate resolution, the shareholders approved the general agreement on the provision of banking services, concluded on August 29, 2025, between PJSC “Yuria” and LLC “Pervomaisky Milk Canning Plant.” It provides for the possibility of obtaining loans, credit lines, guarantees, letters of credit, and other banking services with a maximum limit of 300 million UAH. The deadline for fulfilling obligations under the agreement is set for August 28, 2030.

The maximum aggregate value of transactions for which shareholders have given their prior consent is 900 million UAH, or 86.7% of the company’s total assets as of the end of 2025. The market value of the master agreement is estimated at 300 million UAH, which corresponds to 28.9% of the company’s total assets.
As previously reported, in June, the shareholders decided that PJSC “Yuria” may enter into significant transactions with Pivdenny Bank for a total amount of up to 900 million UAH, in addition to the transactions already concluded with a limit of 300 million UAH.

PJSC “Yuria” is the legal successor to the Cherkasy City Dairy Plant, with a design capacity of 25 metric tons of raw milk processing per day. It ranks among the top ten largest Ukrainian milk producers.
The dairy producer, operating under the “Voloshkove Pole” brand, invested EUR 1.5 million in 2023 to install a Tetra Pak production line in order to double its output of ultra-pasteurized milk. In 2024, the company invested EUR 1.6 million in modernizing the production facilities of its enterprises and launched a new production line for glazed cheese curds.

The company has two subsidiaries: “Yuria-2”—a network of brand-name stores and kiosks in Cherkasy—and “Yuria-Trans”—a trucking company that delivers raw materials and supplies for processing, products to retail outlets, and provides other transportation services. Its raw material supply area covers the Cherkasy, Kirovohrad, Poltava, Kyiv, and Vinnytsia regions. Milk is collected from over 200 settlements.

The company’s beneficiaries are Oleksandr and Andriy Tabalov.
According to the annual report, “Yuriya’s” revenue in 2025 grew by 27.8%—to 2 billion 200.95 million UAH—and net profit amounted to 62.68 million UAH, compared to a net loss of 121.95 million UAH the previous year.

As noted in the company’s reports, in 2025 a master agreement was signed with Pivdenny Bank for a credit line with a maximum financing limit of 300 million UAH; from September through December 2025, 67.72 million UAH was drawn down. As of the end of March this year, this amount had increased to 90 million UAH, with a loan rate of 17.5 million UAH.

, , , ,

AMCU has authorized Credit Agricole Bank to acquire Bank “Lviv”

The Antimonopoly Committee of Ukraine (AMCU) has authorized Credit Agricole Bank to acquire control over Bank “Lviv.”

The committee adopted the decision at a meeting on Thursday following its review of the bank’s application dated May 13, 2026.

The AMCU also authorized Credit Agricole Bank and six shareholders of Bank Lviv—who collectively own 99.972126% of its shares—to fulfill the non-solicitation, non-hiring, and non-competition provisions set forth in the purchase and sale agreement.

As previously reported, in March 2026, Credit Agricole Bank signed an agreement to acquire up to 100% of the share capital of Bank Lviv. The transaction amount was not disclosed. Its completion also depends on obtaining approval from the National Bank of Ukraine.

Credit Agricole Bank plans to leverage Bank Lviv’s regional expertise to develop the small and medium-sized business segment, with a focus on the agricultural sector throughout Ukraine.

Combining their assets would enable Credit Agricole to enter the top ten banks in Ukraine, displacing OTP Bank from that ranking.

Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).

According to the National Bank, as of May 1, 2026, the bank ranked 11th (UAH 135.98 billion) in terms of total assets among Ukraine’s 58 solvent banks.

As of January 1 of this year, according to information on the National Bank’s website, the largest shareholder of Bank Lviv was responsAbility Participations—41.151580%—in which, notably, KfW Bankengruppe (Germany) holds 19.23%, Raiffeisen Schweiz Genossenschaft—14.4%, PKE-CPE Vorsorgestiftung Energie – 14.81%, Pensionskasse der F. Hoffmann-La Roche AG – 10.31%, Previs Vorsorge – 7.20%, and Providentia AG – 5.76% (all five based in Switzerland).

In addition, through a series of entities, Icelandic citizen Margheir Petursson was a major shareholder—holding 27.937421%—as was the Dutch state investment fund DGGF, which invested EUR 4.5 million in the bank’s capital in the summer of 2024—holding 20.492129%, and another 10.390996% was held by NEFCO (Nordic Environment Finance Corporation).

As of May 1, 2026, Bank Lviv ranked 24th in terms of total assets—18.89 billion UAH.

, , ,

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.

, , ,

Ukrainian Capital Bank has scheduled shareholders’ meeting for April 29

According to Fixygen, JSC “Ukrainian Capital Bank” will hold its annual general meeting of shareholders on April 29, 2026, via remote participation. Shareholders will review the bank’s financial statements, financial results, and development strategy.

The bank operates in the corporate segment and serves business clients. According to Opendatabot, a controlling stake (over 75%) is held by Ukrainian businessman Andriy Onystrat through affiliated entities. The bank is actively engaged in the settlement and cash management segment and business financing.

, ,

In 2025, banks issued mortgages worth UAH 15.7 bln, which is 4.3% more than year earlier

In 2025, Ukrainian banks issued 8,282 thousand mortgage loans worth UAH 15.69 billion, which is 4.3% more than in 2024, when 8,807 thousand loans worth UAH 15.05 billion were issued, while the number of loans issued decreased by 6.0%, according to the results of a survey by the National Bank of Ukraine (NBU).

“The quality of the mortgage portfolio remains high: the share of non-performing loans is only 13%,” the regulator commented on the results.

According to the National Bank, in December 2025, 952 mortgage loans were issued in Ukraine for UAH 1.96 billion, which is 28.3% more than in November, when 743 loans were issued for UAH 1.52 billion.

As specified by the NBU, out of 38 banks surveyed, 14 financial institutions issued mortgage loans in December last year. Most of the deals were concluded in the primary housing market: 539 in December for UAH 1.13 billion, compared to 434 in November for UAH 0.91 billion.

On the secondary housing market, 413 deals were concluded for UAH 0.83 billion, compared to 309 in November for UAH 0.61 billion.

The weighted average effective rate in the primary housing market in December 2025 decreased to 8.11% per annum (8.14% in November), and in the secondary market to 8.66% (9.42%).

Survey data show that in December 2025, most loans were issued in Kyiv and the Kyiv region – 538 for UAH 1.18 billion (60.1% of the total volume), followed by Lviv region – 47 loans worth UAH 103 million, Odesa region – 40 loans worth UAH 78 million, and Volyn region – 38 loans worth UAH 69 million.

As reported, partner banks of the state affordable mortgage program “єОселя” issued a total of 7,769 loans worth almost UAH 15 billion in 2025, including 4,881 loans for “first sale” housing, including 1,499 apartments in buildings under construction.

, ,