PrivatBank Launches Two Partner Programs for Subsidized Fuel Financing for Agricultural Producers

PrivatBank, the largest state-owned bank in Ukraine, has recently announced the launch of two partner programs designed to provide subsidized financing for fuel purchases by agricultural producers. According to the bank's press service, these programs offer agricultural enterprises the opportunity to secure loans to meet their needs during the active fieldwork season.

Under the terms of the new programs, agricultural producers can obtain financing for both wholesale and retail fuel purchases. Loans are issued for a term of up to 12 months, allowing farmers to plan their expenses and ensure uninterrupted operations during the season. It has been noted that during the first three months, the interest rate will be only 0.01% per annum, which is an exceptionally advantageous offer for agricultural producers. Additionally, there is no commission fee for issuing the loan, making these programs even more attractive for farmers.

PrivatBank's partners in implementing these programs include the UPG network of gas stations and the VST company. The UPG network, founded in 2003, specializes in the wholesale and retail trade of light petroleum products and liquefied gas. It directly imports fuel from European refineries and has had a marine terminal for the transshipment of petroleum products in the port of Szczecin, Poland, since 2022. The UPG retail network comprises over 80 gas stations located in most regions of Ukraine, providing convenient access to fuel for agricultural producers.

The VST company, which is also a partner of PrivatBank, specializes in the import of petroleum products and their wholesale and retail sale. The VST retail network is represented by gas stations located in the southern and central regions of Ukraine. The company makes direct purchases of fuel on international markets, allowing it to maintain competitive prices and ensure high product quality.

According to data from the National Bank of Ukraine, as of February 1, 2026, PrivatBank has total assets amounting to UAH 941.60 billion, which constitutes 22.7% of the total assets of Ukraine's banking system. The number of POS terminals installed by the bank exceeded 345,000 units by the end of 2025, indicating the active development of banking services and infrastructure in the country.

The introduction of new subsidized lending programs is an important step in supporting Ukraine's agricultural sector, especially in conditions where agricultural producers face numerous challenges related to rising fuel prices and the need to ensure timely procurement of resources for fieldwork. These programs could become a vital tool for farmers seeking to maintain their competitiveness in the market and ensure stability in their operations.