News
Since the beginning of 2023, UKRGASBANK has been demonstrating stable and profitable activity. Thus, the Bank's net profit totaled UAH 2.6 billion for six months of 2023, compared to a loss of almost UAH 3.2 billion for the same period in 2022.
UKRGASBANK continues to support a strategically important segment of customers - agricultural enterprises. Since the beginning of 2023, the Bank has provided agricultural producers with loans worth almost UAH 2.4 billion for sowing campaign. Mostly, they took loans for the purchase and modernization of agricultural machinery.
The European Bank for Reconstruction and Development (EBRD) announced the most successful partner banks from around the world and the most active players in Green TFP 2022.
UKRGASBANK won the international award of Global Trade Review (London), the most authoritative publication in trade finance, in the nomination "The best trade finance bank in Eastern Europe". The award winners were announced at a solemn ceremony in London on May 3, 2023.
Every year, the Global Trade Review (GTR), the most authoritative publication in trade finance, chooses the best market offers for the previous year. The best deals are selected among trade, supply chain, and export-import transactions under applications submitted to GTR.
In 2023, UKRGASBANK’s portfolio of sustainable development projects increased by UAH 550 million. The largest part of financing – UAH 520 million was directed to support local communities of two Ukrainian cities. The city councils channeled the funds into the development of municipal medicine, reconstruction of critical infrastructure facilities, and energy-efficient modernization of educational institutions.
Working under martial law conditions, UKRGASBANK demonstrates stability and profitable activity. Based on the first quarter 2023 results, the Bank’s net profit totaled UAH 1.4 billion.
On April 6, the presentation of the Add Energy to Your Business Program took place within the framework of the Refinancing Energy-Efficient Investments of Ukrainian SMEs via Financial Sector Project. The project is financed by the German Government through the German Development Bank KfW with the support of the EU under the EU4Business initiative.
In 2023, UKRGASBANK continues to maintain stable and profitable performance. The Bank's net profit totals UAH 489 million for the first two months of 2023. This is 4 times more, compared to the same period of the previous year.
The National Bank of Ukraine carried out an annual review of systemically important banks. State-owned UKRGASBANK has once again entered this list.
On 9 February 2023, Andrii Kravets, UKRGASBANK Chairman of the Management Board, submitted his voluntary resignation due to deteriorating health.
With the beginning of the new year, we already have impressive results: in January 2023 alone, UKRGASBANK carried out 47 trade finance transactions for UAH 1.175 billion.
UKRGAZBANK joined GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) grant program to support industrial enterprises.
In just a few days, the state UKRGASBANK processed and issued a documentary letter of credit to purchase biogas plant equipment from a Danish global manufacturer.