Within the framework of the renewed program “Available loans at 5-7-9%” JSC CB PRIVATBANK has refinanced a loan to an entrepreneur in the amount of UAH 1.1 million at 0% by the end of March 2021. Partner banks continue to accept applications for new instruments of the program, which were introduced by the Government during the quarantine restrictions aimed to combat the COVID-19 pandemic (refinancing, evergreen, investment credits to manufacturers of medical equipment). In particular, throughout the week the demand for loans under such conditions amounted to almost UAH 390 million.

“Banks-partners of the state support program are already processing applications from entrepreneurs in accordance with our anti-crisis initiatives. Businesses will receive zero loans, preserve their business and jobs for Ukrainians, and the state will pay interest on these loans,” commented the Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko.

Moreover, during the first week of summer, partner banks of the State Program "Affordable Loans at 5-7-9%" issued 51 new loans totaling UAH 32.6 million. In total, 605 loans worth UAH 381.05 million have already been issued.

Last week, the Fund signed partnership agreements with two new banks - OTP Bank and the International Investment Bank.

Applications for participation in the program "Affordable Loans 5-7-9%" from Credit Agricole Bank and Agroprosperis Bank are being prepared for approval by the Board of the Fund.

It should be noted that in case of the positive decision of Council, in general participants of the State program "Affordable Loans at 5-7-9%" will become 19 banks with the net assets making up 80% of all banking system of Ukraine.