More than UAH 40.8B provided under Affordable Loans program

Last week authorized banks provided UAH 1.3 billion worth of loans under the government program “Affordable Loans at 5-7-9%”, according to the Ukrainian Economic Development, Trade and Agriculture Ministry.

Since the start of the program, authorized banks have issued 15,910 loans worth UAH 40.8 billion, of which: UAH 17.064 billion were issued as refinancing of previously received loans, UAH 5.514 billion for investment purposes and UAH 18.195 billion as anti-crisis loans.

Of the total amount, 50% of loans were provided to the companies operating in the agricultural sector, 23% to trade representatives, and 15% to the industry. The largest amount of loans were issued in Lviv region, Kharkiv region, and Kyiv region.

As reported by Ukrinform, the government program "Affordable Loans at 5-7-9%" was launched on February 1, 2020.

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