Oschadbank and Hyundai to work together to rebuild Ukraine

On January 29, 2025, in Kyiv, Sergii Naumov, Chairman of the Management Board of Oschadbank, and Mr. Moon Jae-Young, Senior Vice President of HD Hyundai Infracore, Project Manager of HD Hyundai Group to support the peaceful reconstruction of Ukraine, signed a strategic partnership agreement aimed at supporting the restoration of Ukrainian infrastructure.

Oschadbank and HD Hyundai have agreed to launch several programs, including lower loan rates for the purchase of medium and light trucks, as well as large construction equipment of the Hyundai and Develon brands, for individuals and legal entities. The bank will soon introduce these programs to its existing and future customers.

In addition, the parties discussed the preparation of a joint special program to finance the renewal of the fleet of large construction equipment needed to restore urban infrastructure.

On January 28, 2025, HD Hyundai XiteSolution, a sub-holding company of HD Hyundai Group, officially opened a representative office in Ukraine and introduced authorized dealers of heavy construction equipment. The company has announced its intention to provide integrated solutions for the creation of advanced infrastructure through innovative and sustainable projects that will support Ukraine's recovery process.

“The year 2025 is a turning point for the Ukrainian construction market, which demonstrates incredible potential and at the same time faces major challenges. The government of Ukraine has set a national goal of rebuilding the infrastructure after the war, and not only rebuilding, but also innovative and sustainable development. HD Hyundai is committed to playing a key role in this process, not only by supplying equipment, but also by offering smart technologies and recovery strategies. Our goal is to contribute to the creation of a modern innovation infrastructure that will become the basis for Ukraine's future development. We have established a partnership with Oschadbank to make our technologies more accessible to Ukrainian businesses,” said Mr. Moon Jae-Young, Senior Vice President of HD Hyundai Infracore.

“Initiatives aimed at the recovery and development of Ukraine are among the priorities of the recently adopted strategic program of Oschadbank until 2028. Cooperation with HD Hyundai will be an important step in the implementation of ambitious infrastructure modernization projects. We are confident that through our partnership programs, Ukrainian companies, and subsequently municipalities, will have access to the most modern equipment on favorable financing terms. The signed memorandum lays the foundation for strategic cooperation that will help our existing and future customers to obtain modern equipment needed to rebuild the country's infrastructure. Oschadbank remains a reliable partner for Ukrainian clients and international companies investing in the recovery of Ukraine,” said Sergii Naumov, Chairman of the Management Board of Oschadbank.

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_{HD Hyundai XiteSolution is a sub-holding company of HD Hyundai Group that coordinates activities in the field of heavy equipment, combining the efforts of subsidiaries HD Hyundai Construction Equipment and HD Hyundai Infracore. Since the first days of the full-scale invasion, the company has been providing technical assistance to Ukraine. Mykolaiv region became the largest recipient of equipment. HD Hyundai remains a reliable partner in Ukraine's recovery, focusing on sustainable and innovative development.}

_{The company is already implementing a number of projects in Ukraine and is preparing new initiatives, including technical support to the Agency for Reconstruction and Infrastructure Development to clear the territories of debris, and the creation of modern training centers based on the HD Hyundai Global Training Center.}