• Українською
  • Since the beginning of 2023, businesses have received affordable loans worth almost UAH 20 billion: Ministry of Economy
    Ministry of Economy of Ukraine, posted 27 March 2023 17:19

    Last week, 370 entrepreneurs received loans under the government program Affordable Loans at 5-7-9% totaling UAH 1.6 billion. Since the beginning of 2023, banks have issued nearly 6,000 loans worth UAH 19.8 billion to businesses. Since the start of the program (February 2020), 58,800 loans worth UAH 185.6 billion have been issued.

    Most of the loans were for anti-crisis purposes, amounting to UAH 62.6 billion, and for anti-war purposes, UAH 55.2 billion. UAH 28.7 billion was disbursed to refinance previously obtained loans, and UAH 10.9 billion was disbursed for investment purposes. In addition, agrarians received UAH 26.5 billion in loans to support their operations, and trading companies took out UAH 1.5 billion in loans to replenish working capital.

    The most frequent recipients of loans under the program are companies operating in agriculture (53%), trade and manufacturing (24%), and industrial processing (14%). Among the regions, Lviv, Odesa, Dnipro, Kharkiv, Kyiv, Vinnytsia regions and the city of Kyiv are the leaders in terms of loan agreement amounts.

    As of today, 45 banks participate in the program, with Privatbank (25,800), Oschadbank (8,700) and Raiffeisen Bank Aval (5,300) issuing the largest number of loans.

    The government's Affordable Loans at 5-7-9% program allows businesses to borrow up to UAH 60 million at 0% for the duration of the wartime period +1 month. Retailers have access to loans of up to UAH 1 billion at 5% per annum, which allows them to pay their suppliers on time and replenish their financial balance.

    In addition, the Government has expanded the program of affordable loans for businesses destroyed by the hostilities. Entrepreneurs will be able to get a loan for the restoration of production facilities at 9% for up to 5 years in the amount of up to UAH 60 million.