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Ministry of Finance: 11,739 preferential loans to the tune of UAH 43.45 billion were issued during the period of martial law within the State Program Affordable Loans at 5-7-9%

Ministry of Finance of Ukraine, posted 29 August 2022 17:19

Over the past week, 116 preferential loans for a total amount of UAH 455 million were issued within the framework of the State Program Affordable Loans at 5-7-9%, including 101 credit agreements for the amount of UAH 329 million concluded by banks of the public sector of the economy.

Since the start of the Program, as of August 29, 2022, business entities have received 46,561 loans from authorized banks for the total amount of UAH 136.79 billion, of which 29,878 were from state sector banks for the total amount of UAH 53.81 billion.

During the period of martial law in Ukraine, 11,739 loan agreements for a total amount of UAH 47.17 billion were concluded within the framework of the Program, including 9,402 credit agreements for the amount of UAH 27.17 billion by public sector banks, of which:

• UAH 0.67 billion – for investment purposes;

• UAH 4.33 billion – as anti-crisis loans;

• UAH 4.03 billion – as refinancing of previously received loans;

• UAH 19.41 billion – loans for agricultural producers;

• UAH 18.62 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 42 banks.

As was reported earlier 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 for the implementation of a complex of autumn harvest work in 2022, the Cabinet of Ministers of Ukraine adopted on July 29, 1922, Resolution No. 916 "On Amendments to the Procedures Approved by resolutions of the Cabinet of Ministers of Ukraine dated January 24, 2020 No. 28 and dated July 14, 2021 No. 723".

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