Ukrainian banks have signed the largest loan agreement in history for the defense-industrial complex — UAH 21.5 billion backed by state guarantees.
On December 26, 2025, six leading Ukrainian banks signed the largest syndicated loan agreement in the history of the national financial market, totaling UAH 21.5 billion, to support a defense-industrial enterprise under state guarantees.
According to the National Bank of Ukraine (NBU), the loan has a three-year maturity and is aimed at expanding the production of military equipment, modernizing industrial capacities, and increasing the supply of armaments to meet the needs of Ukraine’s Defense Forces.
The banking consortium includes both state-owned and private financial institutions, with one of the leading state banks acting as the transaction arranger. The NBU noted that the project represents an important step in strengthening coordination between the state and the financial sector in supporting a strategically important segment of the economy.
It is expected that the funds raised will enable the defense enterprise to scale up production and respond more rapidly to wartime demands, reducing reliance on imported weapons and components.
The transaction is unprecedented in size for Ukraine’s financial market, demonstrating the growing willingness of banking institutions to take an active role in strengthening national defense through long-term financing of key manufacturers.
