• Українською
  • Ministry of Finance: During the martial law, entrepreneurs received 45,248 affordable loans worth UAH 182.6 billion under the State Programme Affordable Loans at 5-7-9%
    Ministry of Finance of Ukraine, posted 29 January 2024 15:24

    Over the past week, 319 soft loans amounting to UAH 1.1 billion were disbursed under the Affordable Loans at 5-7-9% Programme, including 202 loans amounting to UAH 0.46 billion issued by state-owned banks.

    During the period of martial law in Ukraine, authorised banks issued 45,248 loans for a total amount of UAH 182.6 billion (incuding 33,736 loans amounting to UAH 92.7 billion issued by state-owned banks), of which as of 29 January 2024:

    - UAH 13.08 billion - for investment purposes;

    - UAH 8.76 billion - as anti-crisis loans;

    - UAH 3.73 billion - as refinancing of previously received loans;

    - UAH 36.36 billion - as loans for agricultural producers;

    - UAH 57.98 billion - for anti-war purposes.

    Since the launch of the State Programme Affordable Loans at 5-7-9%, 80,070 loan agreements totalling UAH 272.2 billion were concluded, of which with the state-owned banks – 54,212 deals to the tune of UAH 119.3 billion.

    The programme is being implemented by the Entrepreneurship Development Fund (EDF). The Government of Ukraine, represented by the Ministry of Finance of Ukraine, is the sole participant of the EDF and coordinates all aspects of the Fund’s activities.

    To date, under the Affordable Loans at 5-7-9% State Programme the EDF has concluded cooperation agreements with 45 banks. The state continues to make all necessary compensation payments to businesses under the loan agreements concluded within this programme.

    On 27 December last year, in order to expand the opportunities for entrepreneurs to receive state support, the Government amended the Procedures governing the provision of financial state support under the 5-7-9% Programme at the initiative of the Ministry of Finance. First of all, the restrictions on receiving state support for certain categories of enterprises affected by the hostilities were lifted. In addition, as part of the agreements with the IMF, the amendments provide for the 5-7-9% Programme to be focused exclusively on micro, small and medium-sized enterprises.

    To streamline the State Programmes Affordable Loans at 5-7-9% and Affordable Financial Leasing at 5-7-9% under martial law, the Government adopted Resolution No. 229 “On amendments to certain resolutions of the Cabinet of Ministers of Ukraine on providing financial state support to business entities” dated 14 March 2023.

    Also recently, the NBU officially launched the Affordable Factoring Programme, a new financial instrument under the State Programme Affordable Loans 5-7-9% to provide micro, small and medium-sized enterprises (MSMEs) with working capital.