Funding boost for Ukrainian businesses as EBRD lends to Ukrgasbank

The European Bank for Reconstruction and Development (EBRD) and the European Union are providing new funds to support micro, small and medium-sized enterprises (MSMEs) in Ukraine. An EBRD loan of €25 million in hryvna equivalent to Ukrgasbank, a key local lender, will be extended to local companies to upgrade their processes and equipment and to advance sound health and safety practices.

UKRGASBANK earned UAH 313 million profit

За 4 месяца УКРГАЗБАНК заработал 313,6 млн грн чистой прибыли.

Teimour Bagirov has been appointed Chairman of the Supervisory Board of UKRGASBANK

Teimour Bagirov has been appointed Chairman of the Supervisory Board of UKRGASBANK following Shrenik Davda’s request to stand down as Chairman due to his other work commitments. Such resolution was taken at the Bank's annual general shareholders meeting.

UKRGASBANK earned almost UAH 180 million profit since the beginning of the year
For two months of 2021, the profit of UKRGASBANK has totaled UAH 178 million. Currently, UKRGASBANK services 2.2 million retail clients. The number of business clients is constantly growing as well: the Bank has more than…
UKRGASBANK has launched an affordable mortgage for Ukrainians at 7% per annum

UKRGASBANK has signed an agreement with Business Development Fund to launch the program “Affordable Mortgage 7%”.

The Best Trade Finance Bank in Ukraine 2021
UKRGASBANK has won the award “Best Trade Finance Bank 2021” at the 11th annual Global Banking & Finance Review Awards. Since its inception in 2011, The Global Banking & Finance Review Awards reflect the innovation, achievement…
The first anniversary of “Affordable Loans 5-7-9%” program
A year has passed since the start of the presidential program “Affordable loans 5-7-9%”. According to the Ministry of Finance, the authorized banks issued 8 430 loans worth UAH 19.7 billion, as of 1 February 2021. UKRGASBANK…
SME loan portfolio increased by 50%
Last year UKRGASBANK focused on lending to SMEs that suffered most from the pandemic and lockdown. In 2020, the volume of SME loans increased by 50% (UAH 2.5 billion) totaling UAH 7.7 billion. Of these 80% are investment…
IFC Supports Ukraine’s Ukrgasbank to Boost Financing for Green Energy

IFC, a member of the World Bank Group, is supporting Ukrgasbank on its way to privatization, as it seeks to boost financing of sustainable energy and energy-efficient projects, including those developed by small and medium enterprises.

Two in one: UKRGASBANK launched the first in Ukraine PROSTIR–UnionPay co-badged card

UKRGASBANK together with the national payment system "PROSTIR" and the world's largest system UnionPay has developed a joint product, which has no analogs in the Ukrainian market. This is the first co-payment card in the country, which works with two payment systems UnionPay and PROSTIR.

UKRGASANK earned UAH 765 million profit

Since the beginning of the year, the net profit of UKRGASBANK has grown up to765 million.

Unsecured loans for energy efficiency: UKRGASBANK and UNIDO presented the operation of the Loan Guarantee Fund

UKRGASBANK and the United Nations Industrial Development Organization (UNIDO) presented the launch of the Loan Guarantee Fund to facilitate the development of industrial energy efficiency in Ukraine. This is the first guarantee based financial mechanism in Ukraine to improve financing conditions for industrial energy efficiency (IEE).

New markets for Ukrainian goods: UKRGASBANK and Export Credit Agency will develop export trade

UKRGASBANK and Export Credit Agency have signed a cooperation agreement on development of Ukrainian exports and SME assistance in the international markets.

UKRGASBANK earned UAH 725 million profit

The net profit of UKRGASBANK has grown to UAH 725 million for 10 months of 2020. That is 26% more compared to the same period last year.

The National Bank of Ukraine approved Andriі Kravets as the Chairman of the Management Board of JSB “UKRGASBANK”

The National Bank of Ukraine approved Andriі Kravets as the Chairman of the Management Board of JSB “UKRGASBANK”. Mr. Kravets has taken the office starting from 16 November 2020.

One hundred transactions with the EBRD to support Ukrainian business

Today UKRGASBANK has made a remarkable one hundredth transaction for Ukrainian business under trade finance limit provided by the EBRD. The cooperation with our international partner started in summer 2019 with the limit of USD 40 million. Thanks to active work in supporting our customers international business, the limit was increased up to USD 170 million in spring 2020. So far, the Bank has already carried out transactions worth more than USD 100 million.

Supervisory Board appointed Mr. Andriі Kravets as the Chairman of Management Board of JSB “UKRGASBANK”

Supervisory Board of JSB “UKRGASBANK” during its meeting on 02 November 2020 unanimously has decided to appoint Mr. Andriі Kravets as the Chairman of Management Board of JSB “UKRGASBANK”.