The relevant memorandum was signed by Oschad and other leading Ukrainian banks in Kyiv at the Banking Forum organized by Ekonomichna Pravda yesterday, June 25, 2024.

The document provides, in particular, for the facilitation of business loans for the restoration of energy infrastructure. It is about the construction or purchase of power generators, uninterruptible power supplies, solar, wind, biogas plants, gas turbine and gas piston power plants, industrial batteries, cogeneration units of solid fuel boilers - everything that is needed for energy independence.

"This is our response to the existing challenges associated with the damage to energy infrastructure as a result of the armed aggression of the Russian Federation. Our financial offers are designed to meet the different needs of businesses - from MSMEs to large businesses. This way, our clients can reduce their risks, become energy self-sufficient, ensure business continuity, and reduce electricity and fuel costs", commented Serhiy Naumov, Chairman of the Management Board of Oschadbank.

The loan amount will depend on the business segment – from 0.5 to 25 million euros. The loan term is expected to be 5–7 years. The client's own contribution is from 10% to 50%, depending on the cost of the equipment/project, the availability of a grant component, a guarantee mechanism, and other loan conditions.

MSMEs can count on financial support from Oschadbank under the government's Affordable Loans 5-7-9% program, as well as take advantage of the EBRD cooperation program and receive a loan with simplified collateral requirements and the possibility of receiving a cashback grant. Such a loan can be used for long-term investments in "green" technologies (energy-efficient equipment, solar panels for power plants to meet their own needs) that meet the standards of the European Union and will help increase the competitiveness of enterprises in domestic and foreign markets.

In the absence of a stable electricity supply in the country, business clients need quick solutions for the urgent purchase of alternative sources of electricity to maintain uninterrupted operation. That is why you can get a loan from Oschad using a simplified procedure with a quick decision.  

That is why you can get a loan from Oschad using a simplified procedure with a quick decision. Additional information on the terms of lending can be obtained on the website Oschadbusiness or from Oschadbank managers by phone: 0 800 219 800.

Oschadbank press service