News
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.
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – today signed a guarantee agreement with Ukrgasbank to support the equivalent of EUR 50 million of lending to small and medium-sized enterprises (SMEs) in Ukraine.
IFC, a member of the World Bank Group, the Ministry of Finance of Ukraine, and Ukrgasbank signed a Memorandum of Understanding today that will help set the stage for the privatization of Ukrgasbank, Ukraine’s fourth-largest lender.
As part of the expansion of cooperation between Ukrgasbank and International Finance Corporation (IFC), the bank has joined Global Trade Finance Program (GTFP) with USD 20 million trade finance guarantee facility, which will increase the bank’s international trade finance business and support the efforts to help modernize the economy and boost growth.
Ukrgasbank has advanced the biggest loan in Ukraine amounting to UAH 9.7 mln to one of Kyiv condominium under the state energy efficiency program. The funds for the period of 5 years are provided for comprehensive thermo-modernization in residential multi-apartment building.
Over two years of Ukrgasbank’s work with a new client segment, namely with representatives of small and medium-sized businesses, the bank’s customer base has increased by 17,000 new enterprises.
UKRGASBANK entered the TOP-3 “Most Reliable Banks of Ukraine” rating according to “Lichnyi schet” (Private account) business magazine.