ICU GROUP HAS CONTRIBUTED OVER UAH 330 MILLION IN TAXES AND DONATED MORE THAN UAH 300 MILLION TO SUPPORT UKRAINE IN 2022 AND 2023

The ICU Group supports Ukraine through its daily operations and charitable giving. During the two years of full-scale war, ICU donated about UAH 300 million to aid Ukraine. Avangard Bank, one of the group's most active financial donors, contributed more than UAH 127 million in charitable assistance to support Ukraine and is one of the industry leaders in this area.

ICU's funds were allocated to the United24 fundraising platform in Ukraine and to the most reputable and transparent charitable foundations in the country. The donations were utilised to procure medicines, medical equipment, machinery, evacuation vehicles, and materials to mitigate the consequences of the terrorist attack on the Kakhovka hydroelectric power station and to reconstruct schools and shelters.

ICU collaborates with United24 as a regular partner. In addition to financing the platform's initiatives, such as the Game4Ukraine charity match, the “Help the Lifeguards” project and others, ICU also supports United24's operations.

For over 15 years, ICU has been Ukraine's largest government bond broker. At the onset of the full-scale war, the group was the first to initiate the sale of government bonds issued during wartime. Since the introduction of these bonds on the Ukrainian e-government platform Diia, every second bond has been purchased through ICU. As of the end of 2023, ICU's clients' portfolio of government bonds amounted to roughly UAH 16 billion. Over the two years of the full-scale invasion, the company has concluded transactions in domestic government bonds worth about UAH 215 billion.

ICU Group remains one of the leading taxpayers in the Ukrainian financial market. In 2022-2023, the group paid more than UAH 330 million in taxes and fees to the state budget.

As a socially responsible business, ICU will continue to support Ukraine financially to the best of its ability this year.

About ICU

ICU is a multi-strategy AM, PE, and VC investment firm specialising in emerging and frontier markets worldwide. It is founded by Ukrainian-born professionals with international backgrounds, Makar Paseniuk and Kostiantyn Stetsenko.