Strengthening its long-term resilience, NIBULON has finalized a debt override in partnership with the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH.

The agreement, signed on May 28, 2025, encompasses NIBULON’s credit portfolio with the EBRD, EIB, and DEG. It reflects the ongoing cooperation between the parties and a shared commitment to finding practical solutions in a challenging war context.

“This debt override agreement is a remarkable achievement that highlights the strong partnership and unwavering support from our banking partners. Their confidence in NIBULON’s long-term vision and commitment to Ukraine’s future has been truly inspiring. Together, we have secured the foundation to not only sustain but grow — continuing to feed the world and contribute to our country’s prosperity. With a clear path ahead, we are now focused on advancing confidently and delivering results,” said Andriy Vadaturskyy, CEO of NIBULON.

Partnerships Rooted in Stability and Shared Vision

Since 2015, NIBULON has received support from its key financial partners — the EBRD, EIB, and DEG. Their financing contributed to a range of projects, including investments in river infrastructure, the construction of NIBULON’s own river fleet, modernization of agricultural machinery. This collaboration has been instrumental in NIBULON’s growth in Ukraine’s agricultural and logistics sectors.

• EBRD, a trusted partner for nearly 15 years, extended two pivotal loans in 2018 and 2020 aimed at bolstering investment and working capital. The current override agreement reaffirms the strong and enduring partnership between NIBULON and EBRD.
• EIB provided an investment loan in 2016, supporting NIBULON’s long-term development plans.
• DEG joined forces with NIBULON through an investment loan in 2019. The restructuring underscores DEG’s continued support for NIBULON’s future.

Together, these partnerships reflect cooperation at a time when resilience remains important for NIBULON to move forward.

“Despite the significant challenges caused by the war, with verified losses amounting to USD 433 million out of an estimated total of USD 500 million, NIBULON continues to demonstrate remarkable transformation, efficiency improvements, and solid performance. We deeply value the full support of all our financial partners — all 26 of them — whose commitment and cooperation have been vital throughout this complex and lengthy process. I also want to sincerely thank the NIBULON financial team for their dedication and hard work that made this achievement possible. While this override agreement with EBRD, EIB, and DEG marks an important milestone, it builds on the strong foundation established by earlier agreements with the majority of our creditors. Thanks to this collective effort, the long and challenging journey of managing our entire credit portfolio can now be considered virtually complete, paving the way for sustainable growth and continued contribution to Ukraine’s economic recovery,” said Mykyta Hrubov, CFO of NIBULON.

In February, NIBULON signed a debt restructuring agreement with the International Finance Corporation (IFC) covering an outstanding loan balance of USD 18.2 million. This agreement formalizes previously agreed terms, providing an extension of the final maturity until 2029.