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Results of the week on the progress of implementation of the program "Affordable Loans at 5-7-9%": 236 new loans to the tune of UAH 864 million

Ministry of Economic Development, Trade and Agriculture of Ukraine, posted 10 August 2020 17:10

Authorized banks participating in the program "Affordable Loans at 5-7-9%" concluded 236 new loan agreements totaling UAH 864 million last week.

Overall, as of August 10, 2020, 1991 loans to the tune of UAH 4.227 billion have already been issued.

During this week, the portfolio of investment loans under the Program has increased by UAH 68.6 million. As of August 10, it amounts to UAH 870.830 million.

However, loans for refinancing of previously taken loans are still in the greatest demand among micro and small-sized businesses. During the week, authorized banks issued loans under this product of the program in the total amount of UAH 783 million. In total, in the framework of the program there has already been issued the sum UAH 3.292 billion for refinancing.

Under the special anti-crisis credit package of the program, which was introduced by the Government during the quarantine restrictions due to the global pandemic COVID-19, entrepreneurs have already received loans amounting to UAH 64.078 million, of which UAH 60.292 million - loans to replenish working capital.

State-owned banks remain the leaders in the number of agreements concluded under the Affordable Loans at 5-7-9% program. In particular, the first place - JSC CB "PrivatBank" (540 agreements), the second place - JSB "Ukrgasbank" (459 agreements) and in third place - JSC "Oschadbank" (359 agreements). In total, these three authorized banks have together concluded 68% of all loan agreements under the Affordable Loans at 5-7-9% program.

As of August 10, a loan under the Program can be obtained in the following banks: JSC "Oschadbank", JSC "Ukrgasbank", JSC CB "PrivatBank", JSC "Ukreximbank", JSC JSCB "Bank Lviv", PJSC "PUMB", JSC "BANK ALLIANCE ", JSC "KREDOBANK", PJSC "BANK VOSTOK", JSC "Raiffeisen Bank Aval", JSC "TASKOMBANK", JSC "Alfa-Bank", JSC "CB "GLOBUS", JSC "MEGABANK", JSC "POLYCOMBANK", JSC "CREDIT AGRICOLE BANK", as well as Creditwest Bank and OTP Bank.

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