In Ukraine, banks received 4,086 applications from businesses for lending to energy infrastructure restoration projects in the period from June 1, 2024 to March 31, 2025. This is reported by UNN with reference to the National Bank of Ukraine.
According to a survey of 20 banks on lending to business projects to restore energy infrastructure, the volume of the gross portfolio of loans for energy needs of legal entities, taking into account repayments as of the beginning of April, is UAH 10.1 billion
For June 2024 – March 2025, banks:
- received 4,086 applications from businesses for lending to energy infrastructure restoration projects for a total amount of UAH 83.9 billion;
- started financing such projects (provided loans and opened limits) in the amount of UAH 16.7 billion.
It is reported that the volume of the gross portfolio of loans for energy needs of legal entities, taking into account repayments as of the beginning of April, is UAH 10.1 billion.
In addition, 533 loans for energy needs in the amount of UAH 99 million were provided to citizens during March. In total, from June – 6,799 loans for the amount of UAH 936 million.
It is reminded that business loans for energy needs mostly require appropriate design, equipment purchase and provide for phased financing, so the actual volumes of loans granted are less than the volumes of applications received by banks
The NBU also reported that the number of applications received is also overstated due to their submission by clients simultaneously to several banks and the subsequent selection of one of them or a complete rejection of the loan in favor of alternative sources of financing.
Reference
With the assistance of the National Bank, 20 banks with a share of more than 85% of the sector's net assets signed a memorandum in June 2024 on their readiness to finance the restoration of the energy sector.
The banks' proposals take into account the needs of various categories of small, medium and large businesses and households. In particular, entrepreneurs can attract financing for projects for the construction of solar, wind or biogas plants, the construction of gas turbine and gas piston power plants, the purchase of industrial batteries, storage devices, etc.
The base lending rate according to the mentioned memorandum is from 13.5% per annum (or UIRD3M + 0.5% for the first year of financing, and then – no more than UIRD12M +3%).