Financial sector news

Six state-owned and private Ukrainian banks have signed the largest consortium loan agreement in the history of Ukraine's financial market, worth UAH 21.5 billion. The agreement is valid for three years. The state-owned bank is the organizer of the consortium loan. The loan is secured by a state guarantee.

The loan funds will be used to finance “one of the enterprises of the defense-industrial complex,” the NBU said, without specifying other details about the borrower.

The participants in the agreement were congratulated by the Governor of the National Bank of Ukraine, Andriy Pyshnyy, and the Minister of Defense of Ukraine, Denys Shmyhal.

"Ukrainian banks already have successful experience in joining forces to support critical sectors of the economy. In particular, the banking sector previously consolidated to finance and provide credit support to Ukraine's energy sector, ensuring its recovery after massive attacks by the Russian Federation and stable operation in the face of military challenges. The new consortium project in the defense industry logically continues this practice and demonstrates the ability of former competitors to unite for the strength of the country and the financial system to quickly adapt to the strategic needs of the state," commented Andriy Pyshnyy.

This is the result of more than four months of work—negotiations between the Ministry of Defense, the National Bank, and commercial banks on creating an effective mechanism for lending to the defense industry.
The state already supports Ukrainian manufacturers with preferential loans. In less than a year, private defense industry enterprises have attracted almost UAH 5 billion. We have also allowed drone and electronic warfare manufacturers to include interest on loans in the cost of production. In 2026, there will be even more opportunities for the Ukrainian defense industry. I would like to thank the consortium members for their solidarity and responsible position. Financing Ukrainian arms manufacturers is one of the key elements of the state's stability during the war. Together, we will implement our main priority: more Ukrainian-made weapons and equipment for our defenders," said Denys Shmyhal.