Oschadbank forms consortium with Ukrgasbank, FUIB for UAH 2.8 bln loan to defense industry under state guarantee in Q4 2024
In the fourth quarter of 2024, the state-owned Oschadbank and Ukrgasbank, together with FUIB, issued a loan of UAH 2.8 billion to a defense-industrial complex enterprise under the program for increasing the state's defense capability and meeting the urgent needs of the Armed Forces of Ukraine, according to information on the website of the Ministry of Finance.
As clarified to the Interfax-Ukraine agency in Oschadbank, the bank acted as the organizer of this consortium loan, which became the first in lending to the domestic defense industry.
"Oschadbank, as the coordinating bank for this agreement, has determined that the main task of creating a consortium is not so much the need to diversify risks, but to create a precedent for attracting to financing enterprises of the defense-industrial complex those banks that do not have access to state secrets," commented Yuriy Katsion, Deputy Chairman of the Board of Oschadbank, responsible for corporate business.
The shares of the participants in the consortium loan are not announced.
As reported, since the beginning of the full-scale war, Oschadbank has concluded loan agreements to support the defense industry for the amount of more than UAH 17.1 billion.
According to the Ministry of Finance, the state-owned Oschadbank, Ukreximbank, Ukrgasbank, and FUIB in 2024 provided 11 loans under state guarantees to defense industry enterprises under the above-mentioned program for the amount of UAH 21 billion. Excluding the consortium, Oschadbank issued six loans for UAH 9.86 billion, Ukreximbank – four loans for UAH 8.25 billion.
A year earlier, Oschadbank provided a loan for UAH 6.09 billion under this program under a state guarantee, Ukreximbank – for UAH 5.98 billion.