State-owned Oschadbank and the UPG gas station chain have signed a cooperation agreement that provides for business loans on special terms for the purchase of motor fuel, according to Yuriy Voychak, director of Oschadbank’s sales department.
“We were the first among all Ukrainian banks to sign a cooperation agreement that allows all UPG customers who need it to purchase fuel using credit funds. Loan terms: 0.01% per annum, for up to 12 months, unsecured. The loan amount is up to 20 million UAH,“ Voychak said during the Energy Finance forum organized by Oschadbank in Kyiv on Wednesday.
”This means that farmers or other UPG clients can apply for financing. We have liquidity, we have sufficient funds, the interest rate is minimal, and the loan is provided without collateral—the procedure is as simple as possible,” the bank representative explained.
He noted that the bank and the network are expecting loan applications from businesses. Voychak clarified that the agreement between the bank and UPG was signed about a month ago.
In a comment to Energoreforma, he noted that the bank is negotiating with other networks to conclude similar agreements.
“WOG and OKKO have started approaching us. We are in negotiations,” said Voychak.
According to him, such an agreement creates a three-way benefit: the client has fuel, the bank has a client to lend to, and the gas station network increases its fuel sales.
UPG network owner Volodymyr Petrenko told Energoreforma that, according to his information, approximately 60 million UAH worth of fuel has already been sold under the loan agreement.
“After the rise in fuel prices, roughly twice as much money is needed to purchase it. Thanks to the loan, we can avoid using working capital for this. Our goal is to give consumers the opportunity to purchase the fuel we import from the U.S. and appreciate its high quality,” said Petrenko.
As reported, UPG (Ukrainian Petrol Group) is a Ukrainian group of companies specializing in the trade of petroleum products. UPG ranks among the top three largest operators in Ukraine by number of stations. The group has its own logistics infrastructure and conducts direct fuel supplies from leading refineries in Europe and the U.S. The founder of UPG is Volodymyr Petrenko.
Earlier, Oschadbank noted in its press release regarding a new business program with UPG—which allows entrepreneurs to purchase fuel for seasonal work or ongoing operations without straining working capital—that its main advantage is a preferential interest rate of 0.01% per annum for the first four months of the loan.
BUSINESS, FUEL, LENDING, OSCHADBANK, UPG
Oschadbank has connected to the National Bank of Ukraine’s TrackSEP service, enabling clients in the micro, small, and medium-sized business (MSME) segment to track the status of interbank payments in IBAN format in real time, the financial institution announced on Monday.
“It is important for businesses to understand what is happening with their money at every moment. Thanks to TrackSEP, entrepreneurs can see the entire payment journey from dispatch to crediting and can make quick decisions without wasting time,” said Natalia Butkova-Vitvitska, a member of Oschadbank’s board responsible for the MSME segment.
As noted, the service operates 24/7 in real time, also covers instant payments, and allows users to track the stages of an interbank transfer without contacting the bank. Each payment has a unique UETR (Unique End-to-End Transaction Reference) identifier that accompanies it throughout its journey between banks.
To check the payment status, the customer needs to find the UETR in the web version or CorpLight mobile app, go to the regulator’s website, and enter this code and the payment amount. The service displays the stages of the transfer’s processing: from creation to crediting or rejection, with the reason indicated. The data is stored for 30 days.
As reported, on December 1, 2025, the National Bank introduced the TrackSEP service in the Electronic Payments System (EPS) to track payments 24/7 from the moment of initiation until funds are credited.
According to the regulator’s data, as of March 1, 2026, Oschadbank ranked second (UAH 503.07 billion) in terms of net assets among 58 solvent banks.
State-owned Oschadbank will soon announce the start of the sale of the Gulliver Retail and Office Complex (ROC) at an auction on the Prozorro public procurement platform, the bank’s CEO Yuriy Katsion said at the Forbes Banker forum on Thursday.
“We will soon announce the start of the sale of this complex at an auction on the Prozorro platform,” Katsion said.
The bank managed to seize the collateralized property and take it onto its balance sheet despite significant resistance and pressure from the former owner, who had long failed to fulfill his obligations.
Katsion emphasized that the Gulliver case is of historical significance for the investment climate and changes in banks’ lending approaches, as it demonstrated that the institution for protecting creditors’ rights works, and this allows the bank to adopt a more flexible approach to securing credit operations.
Despite numerous obstacles and attempts to block the complex, Oschadbank managed to fully restore its operations: as of February 1, the facility is operating normally, and nearly all tenants have returned to their usual activities.
As reported, on July 26, 2025, a decision was made to register state ownership of the Gulliver shopping center under a consortium comprising Oschadbank (80% – lead) and Ukreximbank (20%). This property served as collateral for the loan obligations.
The foreclosure proceedings were initiated by the two state-owned banks due to the failure of Tri O LLC—the debtor and owner of the complex—to fulfill its obligations under the loan agreement.
Following the meeting of Oschadbank’s Emergency Commission on October 30, a decision was made to recognize the situation that had arisen—including due to the refusal of Tri O LLC employees to transfer control of the Gulliver shopping mall’s critical engineering systems—as dangerous to human life and the operation of the complex.
On December 1, 2025, Oschadbank’s Emergency Commission decided to begin the phased reopening of the Gulliver complex following the resolution, in certain parts of the building, of the circumstances that led to the emergency.
Oschadbank has launched the Select Finance program—a financing program for used cars sold through official dealers in Ukraine.
The program offers more favorable financing terms compared to traditional used car loans and applies to vehicles with low mileage that have a verified service history and are covered by the manufacturer’s warranty.
A vehicle purchased under the program must meet the following requirements:
Oschadbank offers flexible financing terms:
“We have focused on the segment of used cars sold through official dealers and covered by a manufacturer’s warranty. This gives customers the opportunity to get a reliable car at a more affordable price than a new one. Today, the used car loan segment accounts for only about 6% of the market for secured passenger car loans. However, it has become the true growth leader: over the past year, the number of such loans has nearly doubled. Therefore, we see significant prospects for further scaling our presence in this segment,” noted Dmytro Bashtovyi, Director of the Partner Relations Department at Oschadbank.
Oschadbank and the European Bank for Reconstruction and Development (EBRD) have signed a letter of mandate regarding the preparation and implementation of a new risk-sharing facility to support Ukrainian businesses with a financing portfolio of up to €510 million, the state-owned bank announced on Monday.
The document was signed in London following a meeting between Oschadbank CEO Yuriy Katsion and EBRD Managing Director and Head of Financial Institutions Francis Malige on the sidelines of the “Pathways to Paris 2026” conference.
“To date, the total financing limit under the risk-sharing programs implemented by Oschadbank with the EBRD since early 2024 has reached EUR300 million,” Katsion noted.
Under the new instrument, the EBRD may assume up to 70% of the credit risk for individual transactions.
The program is intended to support businesses that have suffered losses or damage as a result of the war, relocated businesses, companies contributing to economic recovery, as well as businesses owned by veterans, internally displaced persons, and women-led enterprises.
The parties agreed to continue working on structuring the program and finalizing the parameters of further cooperation.
Oschadbank serves approximately 6 million active customers and is the leader in corporate lending with a market share of about 14%. As of February 1, 2026, the bank’s loan portfolio stood at UAH 127.5 billion.
According to National Bank data, as of February 1, 2026, Oschadbank ranked second (UAH 494.51 billion) in terms of net assets among 60 banks.
As reported, in 2025 the EBRD allocated EUR2.9 billion in financing, including EUR504 million under portfolio risk-sharing programs, which facilitated new lending by Ukrainian partner financial institutions totaling up to EUR1.6 billion.
The state-owned Oschadbank (Kyiv) ended 2025 with a net profit of UAH 16.1 billion, which is more than double the 2024 figure of UAH 7.9 billion, the financial institution reported on Thursday.
“In 2025, we proved that a state-owned bank can not only be financially stable, but also remain a leader in customer trust… Last year’s results allowed us to strengthen the bank and create resources for further development,” said Yuriy Katsion, chairman of the board of Oschadbank.
According to the financial institution, its pre-tax profit in 2025 exceeded UAH 19 billion, compared to UAH 18.7 billion in 2024.
Oschadbank specified that one of the key factors in the growth of its financial results was the expansion of lending to the real sector: in the retail segment, the loan portfolio grew to UAH 26.7 billion (+26%), in micro, small and medium-sized businesses – to UAH 30.2 billion (+16%), and in corporate business – to UAH 71.3 billion (+12%).
Interest income from loans increased by 23% last year and exceeded UAH 20 billion, net interest income increased by 28% to UAH 31.1 billion, and total operating income increased by 25% to UAH 38.8 billion, the bank said.
Oschadbank’s liabilities as of the end of 2025 amounted to UAH 467.7 billion, while customer funds increased by UAH 68.5 billion (+18%) over the year.
At the same time, the bank added that work on problem debt, in particular the settlement of NPLs within the framework of the TOK Gulliver project, contributed to the financial result.
According to the bank, the share of government bonds in assets in 2025 decreased to 38% from 45%, reflecting a shift in focus towards lending to the real sector.
The bank reported that it serves about 6 million active customers and is the leader in lending to legal entities with a market share of about 14%. As of January 1, 2026, Oschadbank’s loan portfolio amounted to UAH 128.2 billion (+15.4%).
According to the National Bank, as of January 1, 2026, Oschadbank ranked second (UAH 514.65 billion) in terms of net assets among 60 banks.
