Kyiv —  Euroformat Plant, a leading manufacturer of elevator equipment in Ukraine, and Globus Bank have announced a strategic partnership within the framework of the government program “Affordable Loans 5-7-9%”. This initiative aims to create favorable conditions for the installation of modern elevators in multi-storey buildings, as well as energy storage systems for condominiums and housing cooperatives.

New opportunities for developers

Thanks to the partnership between Euroformat and Globus Bank, developers now have the opportunity to take advantage of the government program “Affordable Loans 5-7-9%” and install modern elevators with uninterruptible power supply and cloud management systems on favorable terms. An interest rate of 7% per annum makes it possible to avoid a significant financial burden and opens up new business opportunities.

"Access to innovative solutions is crucial for housing infrastructure today, especially in the context of unstable energy supply. Our cooperation with Globus Bank under the Affordable Loans 5-7-9% program supports developers whose goal is to implement technological solutions, in particular, to equip their own residential buildings with modern and technological elevators”, says Igor Tkachenko, CEO of Euroformat.

Find out more about the program of lending to developers for the purchase of elevator equipment here.

An effective solution for condominiums

Another important part of the partnership was the response to the challenges faced by condominiums. Part of the partnership program between Euroformat and Globus Bank offers loans under the Affordable Loans 5-7-9 program for the purchase and installation of energy storage systems that allow for uninterrupted operation of elevators even in the event of power outages. The terms of this program are available to most condominiums and housing cooperatives.

"Our cooperation with Euroformat is an important step towards modernizing Ukraine's housing infrastructure. We offer developers and condominiums affordable financial instruments to upgrade elevator equipment and implement innovative solutions. This will contribute to the safety and comfort of residents and help optimize energy consumption, which is extremely important in the context of energy challenges”, said Olena Dmitrieva, First Deputy Chairman of the Board of Globus Bank

The joint programs of Euroformat and Globus Bank are aimed at supporting developers and condominiums in implementing innovative and energy-efficient solutions for the modernization of elevator equipment. In today's energy challenges, lending for the purchase of elevators and related equipment provides real opportunities to improve the convenience and safety of residential buildings.

Find out more about the loan program for condominiums and housing cooperatives for the purchase of electricity storage facilities by following the link.

About Euroformat

Euroformat Plant LLC is part of the Euroformat group of companies, which specializes in the production of metal products and the provision of services in the field of residential and commercial construction. The main activity of the plant is the production of elevator equipment. The company provides a range of services related to design work, service and warranty maintenance, and replacement of elevator equipment.

About GlobusBank

GLOBUS COMMERCIAL BANK JSC (GLOBUS BANK) was founded in 2007.

As of July 2024, the regional network includes 31 branches.

The bank's priorities include lending for energy-efficient projects, mortgage lending in the primary market, car loans, and lending to small and medium-sized businesses.

GLOBUS BANK is an accredited partner of a number of state programs: the state mortgage program “eOselya”, the program of preferential lending to small and medium-sized businesses “5-7-9”, “Affordable factoring”, “Affordable financial leasing 5-7-9”, “Energy independence of individuals — household owners”.

The bank is a partner of the Energy Efficiency Fund in lending programs for condominiums and housing cooperatives Energodim and GrinDIM.