On July 22, 2020, the European-Ukrainian Energy Agency (EUEA) and other industry associations met with the Chairman of the National Bank of Ukraine (NBU) on the impact of the RES crisis on loans obtained from state-owned banks of Ukraine. Head of NBU and his Deputy expressed several times, that they understand full complexity of the situation with RES and encourage state banks to make the step towards borrowers and make the prolongation of the loan agreements without changing other terms.  NBU expressed also readiness to support development of the relevant regulations to make the solutions for the banks-investors in RES possible. At the moment, the real solution can be prolongation of the loan agreements for 1-3 years without big stress for the banking system.

State banks didn’t provide any concrete proposals for the current situation, but expressed worries about in-time payments by the GUARANTEED BUYER. According to their comments, even if state banks will implement the loan agreements restructuring, but debts continue to grow, than different solution has to be reached.

Industry associations and state banks are very much welcomed to provide their ideas on how to resolve the situation with loans, NBU promises to be supportive with the regulatory environment.