Over the past week, 218 soft loans for a total amount of UAH 0.88 billion were issued within the framework of the State Program Affordable Loans at 5-7-9%, including 160 credit agreements for the amount of UAH 0.403 billion concluded by banks of the public sector of the economy.
Since the start of the Program, as of September 26, 2022, business entities have received 47,885 loans from authorized banks for a total amount of UAH 141.37 billion, of which 31,008 were from banks of the state sector of the economy for a total amount of UAH 56.74 billion.
During the period of martial law in Ukraine, 13,063 loan agreements for a total amount of UAH 51.75 billion were concluded within the framework of the State Program Affordable Loans at 5-7-9% (including 10,532 credit agreements for the amount of UAH 30.09 billion), of which:
- UAH 0.76 billion – for investment purposes;
- UAH 4.67 billion – as anti-crisis loans;
- UAH 4.38 billion – as refinancing of previously received loans;
- UAH 20.79 billion – loans for agricultural producers;
- UAH 21.12 million - 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".