The largest banks in Ukraine have agreed on preferential lending to restore energy infrastructure; they will finance projects up to €25M.

During a banking forum, 17 of Ukraine’s largest banks signed a memorandum on preferential lending for energy infrastructure restoration projects. The memorandum was signed by banks whose net assets as of May 1, 2024 amounted to more than 83% of the total assets in the entire Ukrainian banking system, in particular: PUMB, Piraeus Bank, Sense Bank, Oschadbank, Ukreximbank, Ukrgazbank, Credit Agricole Bank, Praveks-Bank, and PrivatBank.

Depending on the segment, the loan amount can be from €500,000 to €25M. The client’s contribution should be 10% to 50%, depending on the project size. In particular, projects for constructing solar plants, wind plants, biogas plants, biomass plants, gas turbine and gas piston power plants, industrial storage batteries, as well as projects to provide or increase high maneuverability, storage capacity, and cogeneration projects will be financed.

The loan terms will be up to five to seven years. In addition, unsecured lending is possible for micro and small business projects.