Six banks have signed the largest consortium loan agreement in the history of Ukraine's financial market, totaling UAH 21.5 billion for a period of three years, backed by state guarantees. The funds are planned to be used for the production of military goods. This is reported by UNN with reference to the National Bank of Ukraine and Minister of Defense Denys Shmyhal.
On December 26, six banks signed the largest consortium loan agreement in the history of Ukraine's financial market, totaling UAH 21.5 billion. The agreement is valid for 3 years. The loan is provided with a state guarantee as collateral.
A state-owned bank became the organizer of the consortium loan. The raised funds will be directed to the production of military goods. The implementation of this agreement is an important contribution of the banking sector to strengthening Ukraine's defense capabilities, developing the domestic defense industry, and reducing dependence on arms imports.
The state is already supporting Ukrainian manufacturers with preferential loans. In the incomplete year of 2025, private defense industry enterprises attracted almost UAH 5 billion. We also allowed drone and EW manufacturers to include interest on loans in the cost of production. In 2026, there will be even more opportunities for the Ukrainian defense industry.
For reference
Consortium lending is a form of financing where several banks jointly provide one large loan to a single borrower. This mechanism allows for risk distribution among participants, attracting significant funds for large-scale projects, and ensuring financing for strategically important sectors that are crucial for Ukraine's economy and national security.
Recall
More than half of the weapons in the Ukrainian army are currently domestically produced. In 2025, the state directed most of the funds for the purchase of weapons and equipment specifically to Ukrainian manufacturers.