News

Ukrgasbank has undergone a restyling, changing its brand positioning and corporate style. From now on, Ukrgasbank will use the name "UGB - Eco Bank" and a new identity, including a new logo, in its communications. The updated brand positioning takes into account the new meanings and challenges that have arisen during the full-scale war, while maintaining the bank's unwavering focus on environmental sustainability. However, Ukrgasbank has not officially changed its name.

Ukrgasbank's performance in the first quarter of 2024 demonstrates its active efforts in enhancing operational efficiency, ensuring financial stability, and complying with regulatory requirements.

UKRGASBANK achieved its second victory in the international award of Global Trade Review (London), the most influentional publication in trade finance, in the nomination "The best trade finance bank in Eastern Europe". 

Every year, Global Trade Review (GTR), the most influential 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 finance transactions based on submissions sent to GTR.

In 2023, UKRGASBANK demonstrated increased operational efficiency and growth of its key indicators. Due to a successful strategy and stable development amidst the challenges of another war year, the Bank strengthened its position in the financial market.

Ukrainian agricultural producers now have the chance to benefit from a loan guarantee through the collaboration of UKRGASBANK and the Partial Credit Guarantee Fund in Agriculture (PCGF). This significant project, supported by the World Bank, promises to uplift and fortify the business and economy of Ukraine.

Following the 2023 results, UKRGASBANK became the leader by the total amount of export loans under the portfolio insurance program, having issued loans to exporters totaling UAH 363.5 million. According to the Export Credit Agency, the Bank holds the second position by the volume of supported export (UAH 1.7 billion).

In 2023, UKRGASBANK concluded 758 new deals for its clients for UAH 15.9 billion, which is 227 deals more compared to 2022.

The authorities of Ukraine, in collaboration with the government of the United Kingdom, international insurance companies, and the world’s leading insurance broker Marsh, have agreed on a special unprecedented mechanism to insure vessels going through the Black Sea corridor.

Ukrainian enterprises – clients of UKRGASBANK – can obtain financing and grant support from the German Government due to collaboration between UKRGASBANK and Deutsche Sparkassenstiftung für internationale Kooperation (DSIK), which recently signed an agreement allowing to implement a crucial project for the business and economy of Ukraine 'Access to Finance and Support for MSMEs in Ukraine II.'

UKRGASBANK continues actively supporting SMEs in implementing the projects under the EU4Business initiative, with the participation of the EU and the EBRD. The Programme supports the Ukrainian economy during the war and helps Ukrainian companies achieve international manufacturing standards.

The state-owned UKRGASBANK continues to demonstrate the leading positions by key indicators, overperforming the planned budget.

Ukrgasbank and the energy service company YASNO Energy Efficiency LLC (YASNO EE) have signed a loan agreement for an amount exceeding UAH 7.2 million (equivalent to USD 200 thousand) within the Loan Guarantee Fund, established by the United Nations Industrial Development Organization (UNIDO) to support the implementation of energy-efficient measures in Ukraine's industry.

The state-owned UKRGASBANK continues to demonstrate the leading positions by key indicators among the banks, overperforming the planned budget.

UKRGASBANK and Deutsche Sparkassenstiftung für internationale Kooperation (DSIK) announced a joint project 'Access to Finance and Support for MSMEs in Ukraine II.' The memorandum of cooperation between UKRGASBANK and the German partners was signed on Friday, October 27.

Since the beginning of 2023, UKRGASBANK has ranked among the top ten most profitable banks in Ukraine, overperforming the planned budget. Thus, the Bank's net profit totalled UAH 2.92 billion for nine months of 2023, exceeding the planned target by over UAH 1.05 billion.

The state-owned UKRGASBANK continues to support its customers and the economy of Ukraine during the war. In September 2023 alone, UKRGASBANK concluded 51 new trade finance deals for UAH 2.89 billion.

In August 2023, UKRGASBANK generated UAH 521.7 million operating profit before provisioning and taxation. It is the record monthly result of the Bank in recent years, achieved due to efficient operation of all its core business lines.