Dnipro to Receive a 1.5 Billion Hryvnia Loan from Oschadbank: Where the Funds Will Be Allocated
12 June 21:42
Oschadbank and the Dnipro City Council have signed a loan agreement for 1.5 billion hryvnia aimed at supporting the city’s critical infrastructure.
This was reported by the financial institution’s press service, according to "Komersant Ukrainian".
It is reported that this agreement is intended to finance Dnipro’s capital needs, including new construction and reconstruction of water supply and wastewater treatment facilities. Particular attention will be paid to modernizing their power supply systems.
Details of the agreement
According to a statement from the financial institution’s press service, the funds will be allocated to:
- New construction of water supply and wastewater treatment facilities
- Renovation of existing systems
- Modernization of the power supply for infrastructure facilities
This is the second loan agreement between Oschadbank and the Dnipro City Council since the beginning of this year, demonstrating the continuation of their successful cooperation.
“Dnipro demonstrates a professional approach to financial management and has a clear understanding of development priorities. And Oschadbank, for its part, is always ready to be a reliable financial partner for municipalities,” said Serhiy Chernikov, Director of Oschadbank’s Corporate Business Department.
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Total lending volume
Since the start of the full-scale invasion, the total volume of loan agreements concluded by Oschadbank with municipalities has reached UAH 5.2 billion. This underscores the importance and scale of the financial support the bank provides for the development of local infrastructure.
As of May 1 of this year, Oschadbank accounts for 39% of the total financing portfolio for cities and communities in Ukraine. This demonstrates the bank’s important role in investing in critical infrastructure and supporting local authorities in their development.
Additionally, the Rada ratified an agreement with France on a €71 million grant for the restoration of critical infrastructure, underscoring international support in this area.
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