03/07/2023

Ukreximbank has signed the first agreement under the state program «Affordable Financial Leasing 5-7-9%» with the municipal enterprise «Lutskvodokanal» for the amount of 7.8 million UAH. This landmark agreement aims to support purchasing mobile modular water purification systems and automated sewage screens.

The state bank serves over 600 municipal enterprises, including critical infrastructure entities in healthcare, transportation, heating, water supply, and wastewater management sectors. By actively engaging with these enterprises, the bank remains well-informed about their current operations and understands their needs. This understanding prompted Ukreximbank to initiate changes to the «5-7-9%» program to include municipal sector entities.

The increased internal migration and business relocations have led to a surge in workload for municipal enterprises in Central and Western Ukraine. The overall problem of low energy efficiency of the equipment used in critical infrastructure enterprises remains. In more affected regions, the issue of their restoration is critical. Furthermore, procurement and upgrades were largely stalled last year due to the introduction of martial law, resulting in a pressing need for equipment renewal.

«The bank provides comprehensive support and guidance throughout the entire process, offers legal advice, and maintains regular communication with clients. We have an individual approach to each project and situation, so if necessary, we can adjust the repayment schedule and include registration and insurance costs in leasing payments», - said Mykhailo Medko, a member of the Management Board of Ukreximbank.

The key advantage of financial leasing under the state program «5-7-9%» is the opportunity to obtain financial leasing at more affordable rates for servicing critical infrastructure enterprises. Financial leasing, with a full range of related services, is a convenient way to acquire fixed assets for municipal enterprises with a «credit shoulder».