Two more banks join state program on affordable loans

Two more banks have joined the state program "Affordable Loans at 5-7-9%", according to the Finance Ministry.

"From now on, customers of Raiffeisen Bank Aval and TAScombank can take advantage of the state business support program Affordable Loans at 5-7-9%. Relevant agreements on cooperation with the Entrepreneurship Development Fund were signed yesterday, May 14," reads the statement.

Ukrainians willing to start or extend own business can make advantage of the state program on affordable loans by applying to nine banks: four state-owned banks - Oschadbank, PrivatBank, Ukrgasbank, Ukreximbank, and five commercial banks - Raiffeisen Bank Aval, Lviv Bank, FUIB, TAScombankm and Alliance Bank.

A reminder that the state program "Affordable Loans at 5-7-9%" was introduced at the initiative of the President of Ukraine in order to facilitate access of micro and small businesses to bank loans. The Entrepreneurship Development Fund manages the program.

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