Ministry of Finance: During martial law, 42,847 concessional loans worth UAH 170.5 billion issued under Affordable Loans at 5-7-9% State Programme

Since the start of the Affordable Loans at 5-7-9% State Programme, business entities have received 77,669 loans from authorised banks totalling UAH 260.2 billion, of which 52,548 were from public sector banks totalling UAH 113.2 billion (as of 18.12.2023).

Over the past week, 327 concessional loans totalling UAH 1.7 billion were issued under the programme, including 186 loan agreements worth UAH 0.56 billion were concluded by public sector banks.

During the period of martial law in Ukraine, 42,847 loan agreements totalling UAH 170.5 billion were concluded (including 32,072 loan agreements by public sector banks to the tune of UAH 86.5 billion) of which:

• UAH 11.73 billion – for investment purposes;
• UAH 8.97 billion – as anti-crisis loans;
• UAH 3.74 billion – as refinancing of previously received loans;
• UAH 36.18 billion – loans for agricultural producers;
• UAH 58.39 billion – for anti-war purposes.

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.

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.