Oschadbank nearly doubles OKKO Group's credit limit to UAH 2.85 bln

State-owned Oschadbank (Kyiv, Ukraine) has nearly doubled OKKO Group's available credit limit from UAH 1.5 billion to UAH 2.85 billion, with the facility extended for a two-year term.

"OKKO Group's credit portfolio at Oschadbank is currently the largest among all its financial partners. Oschad's liquidity allows us to continue expanding this portfolio in line with our partner's ambitious plans," said Yuriy Katsion, Deputy Chairman of the Board for Corporate Business at Oschadbank, as quoted by the bank's press service.

The increased credit limit will help the group manage operational expenses more efficiently, particularly in maintaining adequate fuel inventories – a critical factor given market dynamics and plans to expand the OKKO fuel station network, which currently includes 410 locations.

The press release noted that Oschadbank has been cooperating with OKKO Group companies since 2016, but the partnership intensified significantly after the start of the full-scale war. In March 2022, during the fuel crisis, the bank provided one of the group's companies with a UAH 500 million overdraft facility, enabling additional fuel imports. Since then, working capital financing has grown to UAH 1.5 billion.

OKKO Group is a nationwide holding company with businesses in retail, construction, agriculture, energy, tourism, and services. Its core is the OKKO fuel station network, which also includes dining establishments, fuel quality laboratories, on-site retail shops, wholesale fuel sales, and related services.

As previously reported, in the first quarter of 2025, Oschadbank signed nearly three times more credit agreements with corporate clients compared to the same period in 2024. Last year, its corporate loan portfolio grew by UAH 9.3 billion year-on-year. About 34% of agreements signed in 2024 were aimed at financing investment projects.