The European Bank for Reconstruction and Development (EBRD) will provide a risk-sharing guarantee without pre-financing to the state-owned Ukreximbank in order to expand financing and provide new loans to Ukrainian businesses in the amount of EUR100 million.
As stated on the EBRD website, whose board of directors approved the relevant project on September 9, it will cover up to 50% of the credit risk.
According to the published information, the guarantee will be provided in two equal tranches, with the second tranche currently without obligations.
It is noted that up to EUR 20 million of sub-loans with risk sharing will be directed to finance long-term investments by SMEs under the EU4Business-EBRD Credit Line with incentives, which will allow financing long-term capital investments by SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit).
Eligible sub-borrowers will also receive EU-funded technical assistance and grant support in the form of investment incentives upon completion of their investment projects.
Ukreximbank is the third largest bank in Ukraine in terms of total assets as of mid-year – UAH 318.6 billion (8.3% of the system’s total assets).
The state-owned Ukreximbank (Kyiv) has financed the construction of 700 MW of renewable energy facilities, approximately 300 MW of which are wind farms, according to Andriy Moiseenko, a member of the bank’s board.
“We have financed 700 MW of RES. These are private companies. 300 MW is wind energy. However, some of it is currently occupied,” he said during the Ukrainian Wind Energy Forum 2025 organized by the Ukrainian Wind Energy Association, which is taking place in Lviv.
According to Moiseenko, the demand for energy loans is very high, and the bank’s task is to develop the necessary solutions for providing loans together with state and private banks, as well as international financial institutions, which have also joined in this support.
“Partnerships with international financial organizations allow us to provide more financing,” added the top manager of Ukreximbank.
As reported, Yuriy Shafarenko, deputy head of the main department of the Directorate for Social and Economic Policy of the Office of the President, said at this forum that approximately 200 MW of wind power is expected in Ukraine this year.
Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, intends to conclude a general loan agreement with Ukreximbank (Kyiv) with a credit limit equivalent to UAH 600 million.
According to the company’s report in the NSSMC’s information disclosure system, the general meeting of Dniprometiz-TAS LLC participants on September 4, 2025, decided to grant consent for the company to perform transactions that collectively meet the criteria of a significant transaction, namely, the conclusion of a general credit agreement with JSC Ukreximbank with a credit transaction limit equivalent to UAH 600 million.
It is specified that within the framework of the general credit agreement, it is planned to conclude two credit agreements: on opening a revolving multi-currency credit line with a limit equivalent to EUR 4.1 million and on opening a non-revolving credit line with a limit of EUR 2.5 million.
Consent was also given to the general agreement on the provision of guarantees/counter-guarantees/standby letters of credit, with a limit on guarantee transactions equivalent to UAH 30 million, i.e., a total amount (limit) equivalent to UAH 630 million.
The meeting was attended by company participants who collectively hold 100% of the votes.
As reported, in the first half of 2025, Dniprometiz-TAS increased its net profit by 20.8% compared to the same period last year, to UAH 8.936 million, while net income grew by 8%, to UAH 1 billion 756.245 million.
In 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, and its net income by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s undistributed profit at the end of 2024 amounted to UAH 263.048 million.
Dniprometiz-TAS manufactures metal products from low-carbon steels. The company’s capacity is 120,000 tons of products per year.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC is UAH 83.480 million.
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.
