In two months, banks received more than 7.3 thousand applications from businesses and citizens for lending for energy infrastructure restoration projects and approved applications for a total of about UAH 4 billion. This is evidenced by the results of a survey of 20 banks on lending to business projects to restore energy infrastructure.
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Lending for the restoration of energy infrastructure
For the period from June 1 to August 4:
- the total amount of 1,356 applications received by banks during this period from businesses is UAH 40.1 billion; applications for UAH 3.97 billion have been approved – these are agreements that have already been signed and will be signed soon; business clients are already using financing in the amount of UAH 607 million – this is the gross value of the portfolio of loans provided to legal entities for the development of energy capacities; financing has begun in 21 regions of the country; the total capacity for loans provided to businesses is 50.4 MW (preliminary data, taking into account about 85% of the portfolio).
In addition, loans totaling UAH 27 million were provided to meet the energy needs of individuals.
Read: How to get a preferential energy loan: rates, conditions and reasons for refusal
“The results of the survey of banks highlight their proactive position. We saw a quick response to our call to support the energy sector, which materialized in the form of a joint Memorandum on preferential lending. In this position, which united ardent competitors, we see evidence of the social responsibility of the banking sector. Today, the restoration of energy independence depends on the joint efforts of the state, business and each of us,” said NBU Governor Andriy Pyshny.
Let us recall
With the assistance of the National Bank, 20 banks, which own more than 85% of 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 different categories of small, medium and large businesses, as well as households.
In particular, entrepreneurs can attract financing both for projects to build solar, wind or biogas plants, and for the construction of gas turbine and gas piston power plants, the purchase of industrial batteries, storage devices, etc.
The base lending rate in accordance with the 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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