From June 1, 2024 to May 25, 2025, banks received 4,500 applications from businesses for lending to energy infrastructure restoration projects for a total amount of UAH 86.4 billion and began financing such projects (granted loans and opened limits) for the amount of UAH 18.2 billion.
This is stated in the NBU report, the Ukrainian News agency reports.
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 the energy needs of legal entities, taking into account repayments as of the end of May, is UAH 11.8 billion.
In particular, according to the survey, in May:
- 231 applications were received from businesses for the amount of UAH 1.4 billion;
- 98 applications were approved for the amount of UAH 2.6 billion;
- 86 loans were granted for a total amount of UAH 252 million.
The total generation capacity financed since June by loans provided to businesses is over 705 MW.
The largest amounts of funds were allocated for the purchase and installation of gas-piston cogeneration units (262 MW), the construction of solar power plants (249 MW), and the purchase of diesel and gasoline generators (130 MW). Projects are financed in 21 regions of the country.
Banks also lend to the population. During May, citizens were granted 616 loans for energy needs in the amount of UAH 110 million, and in total since June - 7,980 loans for UAH 1.2 billion.
The volume of the gross portfolio of loans to individuals for the above purposes, taking into account repayments, is UAH 962 million.
Most energy loans require appropriate design, equipment purchase, and provide for phased financing, so the actual amounts of loans provided are less than the amounts of applications received by banks.
At the same time, the amount of applications received is overstated due to their submission to several banks at the same time and the subsequent selection of one of them or the refusal of the loan in favor of alternative sources of financing.
As the Ukrainian News agency earlier reported, 20 banks with a share of over 85% of the sector's net assets signed a memorandum of readiness to finance the restoration of the energy sector in June 2024.
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 to build solar, wind, or biogas plants, build gas turbine and gas piston power plants, purchase industrial batteries, storage tanks, etc.
The base lending rate in accordance with the aforementioned memorandum is from 13.5% per annum (or UIRD3M + 0.5% for the first year of financing, and then no more than UIRD12M + 3%).
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