UGB (Ukrgasbank) – Ukraine’s Leading Bank in Trade Finance

UGB has reaffirmed its position as the top trade finance provider in Ukraine, securing first place among Ukrainian banks in 2024 by the volume of issued guarantees and letters of credit. According to data published by the National Bank of Ukraine, the total value of financial support extended to Ukrainian businesses exceeded UAH 11.23 billion.

Key Trade Finance Milestones in 2024:

• Issued letters of credit for UAH 6.701 billion, with the majority denominated in foreign currency to support critical imports.
• Provided over 1,000 guarantees worth UAH 6.041 billion, including UAH 3.245 billion in foreign currency, to facilitate export operations, critical imports, and domestic production.
• Landmark transaction: ensuring the provision of a guarantee by a first-class international bank in favour of LTG Cargo (Lithuania’s national rail carrier) to finance the procurement of 500 Ukrainian-manufactured railcars, enhancing the country’s grain export capacity.
• Strategic international partnerships: the total transaction volume supported by the EBRD and IFC reached nearly USD 190 million.

UGB’s International Recognition in Trade Finance:

• "Most Active Issuing Bank in Ukraine" under the EBRD’s Trade Facilitation Programme (TFP) in 2021, 2022, and 2023.
• "Best Trade Partner Bank – Eastern Europe 2024" awarded by IFC.
• "Best Trade Finance Bank in Eastern Europe" in 2022 and 2023, according to Global Trade Review.

26.02.2025