Ukraine's PrivatBank joins state program for distributed generation
Ukraine state-owned PrivatBank has decided to join the state program providing partial compensation for interest rates on loans to medium-sized and large businesses for projects involving distributed generation, infrastructure restoration, and the development of the processing industry, the financial institution's press service said Tuesday.
PrivatBank, Ukraine's largest bank, has joined the government's program offering reduced interest rates for loans supporting distributed generation, infrastructure restoration, and processing industry development, the bank's press service announced on Tuesday. The state will reimburse up to 5.5 percentage points of PrivatBank's base annual interest rate, capped at 18%.
Loan amounts can range from UAH 100 million to UAH 1 billion, with the minimum for businesses in potentially hostile regions reduced to UAH 30 million. PrivatBank's board member Yevhen Zaihraiev stated the bank is prepared to review applications from potential participants. Funds can be used for distributed generation projects, enhancing fuel infrastructure resilience, constructing or repairing damaged power plants, fuel logistics, and processing enterprise assets.
The program also covers financing for processing industry investments and working capital for wholesale and retail businesses to replenish war-damaged inventories. Applications are accepted until May 15, 2027. The state program, initiated by the Cabinet of Ministers' Resolution No. 594 on April 29, 2026, initially targeted distributed generation projects but expanded in September due to heightened Russian attacks.
PrivatBank, with UAH 983.82 billion in assets as of September 1, 2026, comprising 22.8% of the banking system's total, reported a 29.2% increase in its loan portfolio over the first eight months of the year, reaching UAH 212.66 billion.
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