Oschadbank and the Ukrainian Council of Defence Industry are joining forces for the development of the defence-industrial complex

Oschadbank has signed a Memorandum of Partnership and Cooperation with the public union “The Ukrainian Council of Defence Industry.” The purpose of cooperation is to consolidate efforts for the development of the defence-industrial complex of Ukraine, increase technological independence, and strengthen the security potential of the state.

Both sides understand the strategic importance of working together to strengthen the national defence industry, create conditions for innovation, attract investments, and expand the presence of Ukrainian manufacturers in global security chains.

 “Financing the defence-industrial complex is one of the priority areas of Oschadbank's activity, because we understand the importance of the development of this industry for winning the war. During the full-scale war, Oschad concluded credit agreements in support of state and private defence industry producers in the amount of more than UAH 17.5 billion. In 2024, the volume of concluded agreements with such companies almost doubled compared to 2023. I am sure that our cooperation with the Ukrainian Council of Defence Industry will further expand access to bank financing for industry manufacturers,” noted Yurii Katsion, Deputy Chairman of the Board of Oschadbank, responsible for corporate business.

“This partnership is an important step to create a stable financial environment necessary for the development of a new generation of Ukrainian defence technologies. We see the task of the council in uniting business, the state, and the financial sector around the common goal of the development of a strong, innovative, and competitive defence-industrial complex of Ukraine. Cooperation with Oschadbank opens up more opportunities for manufacturers to access financial instruments and accelerates the development of strategic projects.

Separately, we would like to express our gratitude to the Government of Ukraine and the Ministry of Strategic Industries for the development and implementation of a preferential lending program for manufacturers of the defence-industrial complex, as well as other sector support programs. These decisions create the necessary conditions for the stable growth of enterprises, the expansion of production, the development of innovations and the improvement of the country's defence capability,” commented Ihor Fedirko, Executive Director of the Ukrainian Council of Defence Industry.

Ukrainian Council of Defence Industry is an independent association of private manufacturers of weapons and military equipment, which consolidates the industry, strengthens interaction with the state and international partners and forms the modern security architecture of Ukraine. The Council of Defence Industry helps defence industry manufacturers find partners, scale production, and provide access to financing and technology, strengthening the country's defence capabilities.