PrivatBank updated lending conditions for the “eOselya” program and extended its validity until 2046
The Supervisory Board of PrivatBank approved transactions with PrJSC “Ukrainian Financial Housing Company” (“Ukrfinzhytlo”), the operator of the state mortgage lending program “eOselya”. In particular, the bank increased the credit limit under the existing credit line to 11.5 billion hryvnias and extended its term until December 10, 2046, with the deadline for receiving tranches set until December 31, 2026.
In addition, the supervisory board approved the termination of the collateral agreement dated August 23, 2023 and the conclusion of a new agreement, which provides for the replacement of domestic government loan bonds with new ones in the amount of 13.9 million pieces. The conclusion of an additional agreement to the general agreement dated October 1, 2022, with updating the annexes and making amendments to the document, was also supported.
According to the decision of the council, eight members voted in favor of the transaction, one abstained due to a conflict of interest related to the fact that an official of Ukrfinzhitl is affiliated with a member of the supervisory board of PrivatBank. The Chairman of the Board of Ukrfinzhitl is Yevhen Metzger, and his wife Yulia Metzger is a member of the Supervisory Board of PrivatBank.
The amount of the credit limit of 11.5 billion hryvnias is 1.51 percent of the total assets of PrivatBank, which, according to the latest annual financial statements, are estimated at 761.46 billion hryvnias.
At the end of 2025, the Cabinet of Ministers increased the authorized capital of Ukrfinzhitl by 30 billion hryvnias by issuing domestic government loan bonds in exchange for additional shares of the company. For this purpose, bonds with different maturities and rates were issued with coupon payments every six months.
As of the end of 2025, 22.6 thousand mortgage loans for a total amount of 38.9 billion hryvnias had been issued under the e-Housing program.
