Ukrainian DefenceTech company General Chereshnya, which specialises in the development and serial production of unmanned systems, has secured a $5 million credit facility from Accordbank. The company will use the financing to scale up its production capacity and implement new projects in the defence technology sector. The company announced the deal in a statement published on July 13.
Accordbank said the financing forms part of its long-term strategy to support Ukrainian companies operating in the defence technology sector. The bank believes that financing defence technology manufacturers contributes not only to strengthening the country’s defence capabilities but also to developing high-tech industries, supporting economic growth and expanding Ukraine’s export potential.
General Chereshnya founder Yaroslav Hryshyn said the credit facility would provide the company with an instrument to rapidly increase its production capacity amid the ongoing war. According to him, sustained growth in demand for Ukrainian unmanned systems, together with cooperation with financial partners, enables the company to accelerate production to meet the needs of the Defence Forces of Ukraine.
General Chereshnya is one of Ukraine’s manufacturers of attack FPV drones and interceptor drones. According to the company, its products are supplied to more than 200 military units, while its existing production facilities have the capacity to manufacture up to 100,000 unmanned aerial vehicles per month. The company’s revenue reached UAH 1.5 billion in the first half of 2025.
Accordbank is one of Ukraine’s privately owned banks. The financial institution’s principal shareholder is Danylo Volynets, who owns a 75% stake in the bank. He also chairs its supervisory board, while Oleksii Rudniev serves as chairman of the management board.
As of October 1, 2025, Accordbank operated a network of 163 branches across Ukraine. According to its financial statements, the bank’s net assets stood at UAH 23.8 billion as of January 1, 2026, while pre-tax profit reached UAH 505 million, an increase of 63% compared with the previous year.
Between 2019 and 2025, Accordbank’s assets increased 4.4-fold in US dollar terms, while its profit grew 2.2-fold. At the end of 2025, the bank’s cost-to-income ratio, which measures operating expenses relative to operating income, stood at 81%, reflecting the current efficiency of its operations.
The credit facility represents another example of expanding cooperation between Ukraine’s banking sector and defence industry companies. Against the backdrop of growing government orders and rising demand for unmanned technologies, access to financing is becoming one of the key factors enabling Ukrainian defence manufacturers to scale up production and strengthen the capabilities of the country’s DefenceTech industry.
