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Ministry of Finance: Last week, entrepreneurs received 768 concessional loans worth UAH 2.7 billion under the Government’s Affordable Loans at 5-7-9% programme

Ministry of Finance of Ukraine, posted 04 November 2024 12:20

Over the past week, entrepreneurs received 768 concessional loans totalling UAH 2.7 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 541 loans from public sector banks totalling UAH 1.3 billion.

Since the beginning of 2024, entrepreneurs have received 20,325 loans worth UAH 75.9 billion under the programme, including 15,340 loans worth UAH 39.4 billion from public sector banks.

During the period of martial law in Ukraine, 64,467 loans worth UAH 253.2 billion were issued (including 48,374 loans worth UAH 129.8 billion by public sector banks), of which as of 4 November this year:

  • UAH 28.45 billion – for investment purposes;
  • UAH 65.89 billion – for working capital financing;
  • UAH 40.1 billion – loans for agricultural producers;
  • UAH 25.36 billion – for the processing of agricultural products;
  • UAH 1.3 billion – to finance energy services;
  • UAH 57.55 billion – for anti-war purposes;
  • UAH 21.25 billion – for lending in the high combat risk zone.

A total of 99,289 loan agreements worth UAH 342.8 billion have been signed since the start of the programme, including 68,850 agreements worth UAH 156.4 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 key aspects of the Fund’s activities.

Under the Government’s Affordable Loans at 5-7-9% programme the EDF has entered into cooperation agreements with 46 banks. The state continues to make all necessary compensation payments to businesses under the loan agreements concluded under the programme.

On 13 September this year, the Government supported the changes proposed by the Ministry of Finance to improve the processes of providing financial state support to micro, small and medium-sized enterprises, which is especially important in the context of a full-scale war. First of all, it concerns the development of the state programmes “Affordable Loans at 5-7-9%”, “Affordable Financial Leasing at 5-7-9%”, and “Affordable Factoring”.

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