• Українською
  • Ministry of Finance: During the martial law, entrepreneurs received 55,516 loans worth over UAH 221 billion under the Affordable Loans at 5-7-9% programme
    Ministry of Finance of Ukraine, posted 17 June 2024 13:01

    During the past week, entrepreneurs received 388 soft loans totalling UAH 1.3 billion from authorised banks under the State Programme Affordable Loans at 5-7-9%, including 314 loans from public sector banks worth about UAH 0.7 billion.

    Since the beginning of 2024, entrepreneurs have received 11,374 loans worth UAH 43.9 billion under the Programme, including 8,499 loans worth UAH 22.2 billion from public sector banks.

    During the period of martial law in Ukraine, 55,516 loans worth UAH 221.2 billion were issued (including 41,533 loans worth UAH 112.6 billion by public sector banks), of which as of 17 June this year:

    - UAH 19.74 billion - for investment purposes;

    - UAH 61.85 billion - for working capital financing;

    - UAH 38.69 billion - loans to agricultural producers;

    - UAH 16.29 billion for the processing of agricultural products;

    - UAH 57.35 billion - for anti-war purposes;

    - UAH 13.94 billion - lending in the area of high military risk.

    A total of 90,338 loan agreements worth UAH 310.8 billion have been signed since the start of the programme, including 62,009 agreements worth UAH 139.3 billion by public sector banks.

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

    To date, under the Government’s Affordable Loans at 5-7-9% programme the EDF has concluded cooperation agreements with 46 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 regulating 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 have been lifted. In addition, as part of the agreements with the IMF, the amendments provide for the focus of the 5-7-9% programme exclusively on micro, small and medium-sized enterprises.

    To streamline the Government’s Affordable Loans at 5-7-9% and Affordable Financial Leasing at 5-7-9% programmes 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 at the end of last year, the Affordable Factoring programme was launched, a new financial instrument under the Affordable Loans at 5-7-9% programme to provide micro, small and medium-sized enterprises with working capital.