News
The Nordic Environment Finance Corporation (NEFCO) and the state-owned Ukrgasbank have today launched a new facility to support the implementation of renewable energy projects in Ukraine. The EUR 10 million facility will finance projects implemented by small and medium-sized enterprises (SMEs) over a period of seven years. NEFCO has signed a loan agreement with Ukrgasbank for EUR 5 million, and Ukrgasbank will invest a further EUR 5 million in the facility.
Ukrgasbank completed the first structured trade financing agreement for LLC "LNK" in the amount of EUR 280 thousand for the purchase of imported cogeneration gas-piston equipment with a capacity of 5MW for "green" electricity production.
On December 28, 2018, the National Bank of Ukraine announced the results of stress-testing for 25 largest Ukrainian banks. Stress-tests were run under baseline scenario which envisaged normal development for the Ukrainian economy, as well as under stressed scenario, envisaging significant deterioration in the macroeconomic situation.
Ukrgasbank has launched a new line of services - a public procedure for accrediting EPC contractors, general contractors for the construction of renewable energy industrial facilities.
Ukrgasbank has obtained a bilateral unsecured loan in the amount of EUR 15 million from a leading European bank. The 6-month loan will be used to finance foreign trade transactions of Ukrgasbank’s clients.
China Export and Credit Insurance Corporation, or Sinosure, has announced its intention to cooperate with Ukrgasbank on green finance projects.
In the first 11 months of 2018, the net profit of Ukrgasbank amounted to UAH 688m, which has already exceeded its annual target.
Ukrainian state-owned bank, Ukrgasbank, has become the first bank without foreign capital to join the top five most stable banks in Ukraine, according to an expert survey.
UKRGASBANK has joined the Polish Government Program for Exports Support with a credit line from the Polish state development bank Bank Gospodarstwa Krajowego (BGK). UKRGASBANK’s participation in the Program and the credit line established by BGK gives a number of advantages to the UKRGASBANK’s customers importing goods from Poland.
UKRGASBANK increased the trade finance limit for ERU Trading to UAH 650 million, in which it issued the first direct guarantee to the European gas supplier to Ukraine.
UKRGASBANK is proud to announce an increase of USD 20 million in trade finance limit from the International Financial Corporation (IFC) under the GTFP (Global Trade Facilitation Program). The total amount of the Ukrgasbank’s GTFP limit has now reached USD 40 million.
UKRGASBANK has entered into UAH 7.5 million loan agreement with LNK LLC to finance purchase of a gas engine generator for a biogas power plant of LNK LLC in Cherkasy Oblast.
The State UKRGASBANK and TIU Canada, the first Canadian investor to construct solar projects in Ukraine since 2010, have begun cooperation in increasing the capacity of renewable energy sources.
UKRGASBANK became the first partner from Ukraine to join the Carbon Pricing Leadership Coalition, a community of climate leaders brought together with the goal of putting in place effective carbon pricing policies that maintain competitiveness, create jobs, encourage innovation, and deliver meaningful emissions reductions.
On May 22-24, 2018 UKRGASBANK participated in The Global Forum on Climate Finance Innovate4Climate in Frankfurt, Germany, where Ukrgasbank CEO Kyrylo Shevchenko presented the results and plans of the ECO-bank operation in Ukraine.
In the year 2017 within the framework of government policy “Warm house” of efficient use of energy resources Ukrgasbank advanced to Ukrainian citizens 16 694 loans amounting to UAH 452 million.
Following the results of its activity in 2017, the profit of Ukrgasbank amounted to UAH 624 million, which is nearly 20% higher than the target figure, approved by the Bank's Supervisory Board.
UKRGASBANK generated net profit of UAH 539 million for 11 months of 2017, which is 22% higher than the target figure.
UKRGASBANK earned the highest reliability rating of bank deposits among Ukrainian state-owned banks. Such results of "Rating of Bank Deposits Reliability" were released by the rating agency "Standard-Rating" (Ukraine) based on the analysis of Ukrainian banks for the 9 months of 2017.