Ministry of Finance: Entrepreneurs received over 50 thousand preferential loans under the State Program Affordable Loans at 5-7-9%

Since the start of the Program, business entities have received 50,094 loans from authorized banks for a total amount of UAH 153.52 billion, of which 32,280 were from banks of the public sector of the economy for a total amount of UAH 60.46 billion (as of 14.11.2022).

Over the past week, 376 preferential loans totaling UAH 1.75 billion were issued under the Program, including 255 loan agreements worth UAH 1.1 billion concluded by public sector banks.

During the period of martial law in Ukraine, 15,272 loan agreements for a total amount of UAH 63.9 billion were concluded under the State Program Affordable Loans at 5-7-9% (including 11,804 loan agreements for the amount of UAH 34.92 billion by public sector banks), of which:

• UAH 0.78 billion - for investment purposes;
• UAH 5.42 billion - as anti-crisis loans;
• UAH 4.51 billion - as refinancing of previously received loans;
• UAH 25.68 billion - loans for agricultural producers;
• UAH 27.49 billion - for anti-war purposes.

The program is implemented by the Entrepreneurship Development Fund (EDF). The only participant of the EDF is the Government of Ukraine represented by the Ministry of Finance of Ukraine, which coordinates all aspects of the Fund’s activities.

To date, under the State Program Affordable Loans at 5-7-9%, the EDF has concluded cooperation agreements with 44 banks.

It’s worth mentioning that in order to prevent a decrease in the volume of lending due to an increase in the NBU discount rate, as well as to facilitate the financing of agricultural commodity producers to carry out a complex of autumn fieldwork in 2022, the Cabinet of Ministers of Ukraine adopted Resolution No. 916 of July 29, 2022 “On Amendments to the Cabinet of Ministers of Ukraine Resolutions dated January 24, 2020 No. 28 and July 14, 2021 No. 723”.