18:17 26 February 2026
Poland’s BGK enters Ukraine
Ukraine’s parliament has ratified an agreement with Poland allowing Bank Gospodarstwa Krajowego (BGK) to operate in Ukraine, creating a legal framework for the Polish state-owned development bank to support reconstruction and investment projects.
The law, approved by the Verkhovna Rada, enables BGK to provide loans and other financial instruments to the Ukrainian government, as well as public and private institutions. Officials say the move is designed to speed up post-war rebuilding, deepen financial cooperation with Poland, and unlock additional funding for economic development.
In July 2025, BGK signed two letters of intent at the Ukraine Recovery Conference aimed at financing Polish companies involved in rebuilding efforts. The planned funding covers sectors including energy, transport and manufacturing, and includes work toward launching a European Flagship Fund for Ukraine’s reconstruction.
Founded over a century ago, BGK is Poland’s state-owned development bank, financing infrastructure, housing, entrepreneurship and strategic national projects.
