Raiffeisen Bank Partners with SvitloDIM Program
Raiffeisen Bank has been selected as the official banking partner for the state-run SvitloDIM program. This initiative provides financial grants to multi-apartment residential buildings for the purpose of securing autonomous electricity supply. Launched on January 28, the program is initially available for Kyiv and the Kyiv region. Funds allocated under the program are transferred to special, fee-free accounts held at the partner bank.
The SvitloDIM program assists co-owners of apartment buildings, including homeowners' associations (OSBB), housing cooperatives, and building management companies. Opening and maintaining the special accounts at Raiffeisen Bank is free of charge. Once approved by a commission of Ukraine's Ministry for Communities and Territories Development, funds are transferred to the account within 48 hours.
Key Program Details
In its first phase, the program is being implemented in collaboration with Ukraine's Ministry of Digital Transformation and invites other banks to join the initiative. The size of the state grant depends on the number of floors in the building:
- 100,000 UAH — for buildings up to 6 floors;
- 200,000 UAH — for buildings with 7–16 floors;
- 300,000 UAH — for buildings with 17 or more floors, buildings with boiler rooms, and buildings with 4 to 16 floors (inclusive) that have three or more entrances.
The received funds can be used to purchase generators, inverters, batteries, battery management systems, or solar panels. This initiative aims to support Ukrainians in achieving greater energy independence for their homes and improving the quality of life in apartment buildings. The program is a direct response to the ongoing challenges to Ukraine's power grid, which has suffered significant damage.
SvitloDIM represents a significant step toward enhancing energy security in Ukraine, particularly given the instability of the power supply. It creates opportunities to improve residential infrastructure, which can positively impact residents' lives, especially within the context of the energy crisis. The involvement of banks in the program also demonstrates an expansion of partnerships between state institutions and the private sector to address pressing social challenges.