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Financing Energy Independence and Energy Efficiency for Business

A program aimed at increasing energy independence and providing businesses with additional alternative energy sources for uninterrupted operation, as well as projects to reduce energy consumption.

Raiffeisen's Lending Programs

Lending under the ESG Program

Possible provision of loans covered by Risk Sharing programs: EBRD, EIB, DFC/USAID

Unsecured loans for solar panels for businesses

  • For new and existing business clients
  • Legal entities and sole proprietors
  • Loan amount – up to 9.5 million UAH
  • Term – from 24 months
  • Interest rate – 17-19% per annum
  • No additional fees
Possible provision of loans covered by Risk Sharing programs: EBRD, EIB, DFC/USAID

Secured loans for solar panels for businesses

  • For new and existing business clients
  • Legal entities and sole proprietors
  • Loan amount – up to 72.7 million UAH
  • Term – up to 36 months
  • Interest rate – Individual solutions
  • No additional fees
  • Covering up to 80% of equipment and installation costs
  • Under Risk Sharing programs, cashback of up to 10% of the loan amount is possible

Lending under the Program with YASNO

Possible provision of loans covered by Risk Sharing programs: EBRD, EIB, DFC/USAID

Unsecured Loans for Solar Panels for Businesses

  • For new and existing business clients
  • Legal entities and sole proprietors
  • Loan amount: up to 9.5 million UAH
  • Term: from 24 months
  • Interest rate: from 15.5% per annum
  • No additional fees
  • No personal contribution required
Possible provision of loans covered by Risk Sharing programs: EBRD, EIB, DFC/USAID

Secured Loans for Solar Panels for Businesses

  • For new and existing business clients
  • Legal entities and sole proprietors
  • Loan amount: up to 72.7 million UAH
  • Term: from 12 months
  • Interest rate: from 13.5% per annum
  • No additional fees
  • Covering up to 80% of equipment and installation costs
  • Under Risk Sharing programs, cashback of up to 10% of the loan amount is possible

Basic Lending Terms

Product Parameters
Loan Purpose

Purchase/construction and installation of:

  • Solar power plants
  • Generation/cogeneration units
  • Generators
  • Biogas stations
  • Wind power plants
  • Bioenergy, gas turbine, gas piston power plants
  • Electrical energy storage systems
  • Biomass boilers
  • Technologies to improve enterprise energy efficiency
  • Other energy independence and energy efficiency technologies.

Borrowers

Clients from micro, small, medium, and large businesses (legal entities and sole proprietors)

Type of LoanInvestment loan or non-revolving credit line

Loan Amount

Up to 50 million UAH

Borrower's Own Contribution to the Project

From 30%

Financing Term

Up to 5 years

Loan Currency

UAH

Maximum Interest Rate

For loans in UAH:

  • 13.5% per annum (or UIRD 3M+0.5%) for the first year of financing,
  • UIRD 12M + 3% starting from the second year of financing.

The UIRD index (in hryvnia) is the Ukrainian index of deposit rates for individuals, calculated based on nominal rates in the personal deposit market announced by Ukrainian banks for terms, including three/twelve months.

Fees

Up to 0.5% of the loan amount

Collateral

  • Purchased equipment (with a deferred condition for pledging) or alternative collateral
  • Guarantee from the owner or other group companies

Grace Period for Principal Repayment

Up to 6 months or until commissioning

Repayment Schedule

  • Principal: monthly in equal installments/annuity/adapted (seasonal, individual) schedule after the grace period
  • Interest: monthly
Borrower Criteria

Territories where the Borrower is registered and conducts business

  • Territories excluding high-risk areas, including those without a defined end date for temporary occupation and/or combat activities (according to the Ministry of Reintegration order No. 309 dated 22.12.2022)
  • Territories permitted under the Bank's current Risk Policy

Additional Criteria

  • Existing business (from 12 months)
  • Positive client verification (KYC)
  • No negative credit history
  • No defaults with banks at the time of lending
  • Compliance with the Bank's Environmental and Social Policy (ESG)

What Program is About:

This loan program is developed under the Memorandum on Banking Lending for Projects to Restore Ukraine's Energy Infrastructure, which Raiffeisen Bank signed alongside 20 other Ukrainian banks.

In addition to the terms outlined in the Memorandum, Raiffeisen Bank also offers clients individual financing terms: with loan amounts up to 25 million euros in various currencies, terms of up to 5-7 years, and personal contributions starting from 0% of the project cost.

It is also possible to combine with the investment incentives program from the European Bank for Reconstruction and Development and with financial support from the European Union, offering the possibility of partial cost reimbursement (cashback) for the project financed through the Bank's loan funds.