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- EBRD lends €50 million to Ukrainian postal and courier operator Nova Post
- Finance to support 2025-26 investment plans and Nova Post’s continued expansion
- Corporate decarbonisation and broader access for women are part of programme
The European Bank for Reconstruction and Development (EBRD) is lending €50 million to Ukrainian logistics provider Nova Post, a leading private postal and courier operator in Ukraine, to finance part of its 2025-26 investment programme and a wartime development strategy which includes improvements to infrastructure, energy management and promoting human capital recovery.
The EBRD finance will not only help Nova Post provide better services for more small- and medium-sized enterprises, but will also support the company to broaden access to livelihood opportunities for women workers, people with disabilities and other under-served groups through workplace automation and accessibility improvements. EBRD’s engagement also includes development of a corporate decarbonisation strategy.
The EBRD finance can be provided in Ukrainian hryvnia or euros and benefits from a first-loss guarantee covering 15 per cent of the EBRD loan amount, which is provided by the European Union (EU) under the Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience (UIF MIIR) programme. It is also expected to benefit from an investment grant of up to €1.5 million to support the decarbonisation and human capital recovery programmes, supported by the TaiwanBusiness – EBRD Technical Cooperation Fund and Crisis Response Special Fund (CRSF).
Russia’s invasion of Ukraine in 2022 initially hit Ukraine’s postal and delivery sector hard, but the parcel segment recovered quickly as people and businesses resumed their business activity.
Since then, market leaders such as Nova Post have reported sustained growth in deliveries. Uninterrupted courier and parcel delivery services have played a vital role in enabling the relocation of individuals and businesses to safer areas, whether in Ukraine or abroad, supporting economic resilience and continuity of business operations.
Nova Post took the leading role in these processes. Since late 2022, its delivery volumes have continued to increase as a result of reorientation of traffic flows to western and central regions of Ukraine, less affected by the war, the redirection of international traffic through Ukraine’s borders with EU countries, and a broader recovery of business activity.
In 2024 Nova Post set a new record by delivering 429 million shipments – 16 per cent above its 2023 figure. Strong growth in demand has in turn created the need for further expansion.
Nova Post is the main operating subsidiary of Nova Group, which is owned by two Ukrainian businessmen, Viacheslav Klymov and Volodymyr Popereshniuk. It operates a network of over 39 000 service points and employs around 33,000 staff in Ukraine, serving over 11 million clients monthly.
The EBRD has had a successful relationship with Nova Post since 2018, in which time it has financed four Nova Post projects.
The EBRD is Ukraine’s largest institutional investor. It has deployed more than €7 billion in the country since 2022 and has secured agreement for a further €4 billion capital increase to continue lending at these levels in wartime, with the potential for more once full reconstruction begins.