News
According to the rating held by “Novoe Vremia” magazine, the Bank is on the top-10 reliable banks list. The rating was based on such criteria as capital adequacy, liquidity, depositor confidence, etc.
Kyrylo Shevchenko has won the nomination “Banker of the Year” in the rating of “Business” magazine.
UKRGASBANK was announced the best bank in the nomination “Support for SME”, according to “Business” magazine. The rating was based on the development and performance dynamics of Ukrainian banks in 2018.
UKRGASBANK was chosen by Energy Efficiency Fund and IFC to become a partner in the pilot project aimed at implementing energy efficiency measures among homeowners' associations for comprehensive energy-efficiency renovations.
Fitch Ratings has assigned Ukrainian Public Joint-Stock Company Joint Stock Bank Ukrgasbank Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of ‘B-‘, with Stable Outlooks. The rating is in line with the Fitch's current sovereign credit rating for Ukraine.
According to 2018 year-end NBU statistics, UKRGASBANK has become the leader in client base growth.
UKRGASBANK has been selected a financial partner of UNIDO, the UN organization, which aims to implement and develop the system of energy management in Ukraine, with the ultimate objective to increase the energy efficiency and reduce energy consumption.
Based on the data provided by State Fiscal Service of Ukraine, UKRGASBANK has once again confirmed its position among top-100 Ukrainian taxpayers in 2018.
UKRGASBANK introduces loan interest rates differentiation for green projects that reduce greenhouse gas emissions. The higher CO2 reduction is, the lower the rate for the client is going to be.
UKRGASBANK was shortlisted for Global Trade Review’s international “Leaders in Trade” award which highlights excellence in the trade, commodity, supply chain, export finance and fintech markets. The Bank was nominated in the category “The best trade finance bank in Eastern Europe, 2018”. Global Trade Review is a world-class independent publishing and events company involved in global trade.
UKRGASBANK topped the corporate loan portfolio growth rating, according to the National Bank of Ukraine.
UKRGASBANK became the newest member of the SME Finance Forum, a global membership network that brings together 150 financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. UKRGASBANK is currently the only bank to represent Ukraine at the SME Finance Forum.
State-owned Ukrgasbank has provided guarantees in the amount of $1.3 million to non-resident companies to participate in tenders in Ukraine through cooperation with leading foreign banks. The bank’s partners already include leading foreign banks from China, Turkey and Europe.
According to full-year 2018 results, the profit of Ukrgasbank amounted to UAH 766 million, which is almost 20% higher than the target approved by the Bank's Supervisory Board.
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.