Banks issued UAH 963M last week under Affordable Loans at 5-7-9% state program

Banks issued UAH 963M last week under Affordable Loans at 5-7-9% state program

Ukrinform
Some 477 new loan agreements worth UAH 963 million were concluded last week under the state program "Affordable Loans at 5-7-9%,” according to the Finance Ministry.

"Authorized banks issued 477 loans for a total sum of UAH 963 million last week. Some 63% (UAH 610 million) of the total amount of agreements concluded last week are agreements on refinancing of previously issued loans. Some 15% (UAH 143 million) are investment loans issued by authorized banks. And anti-crisis loans at 3% total 22% (UAH 211 million),” reads the report.

The ministry notes that since the launch of the state program "Affordable Loans at 5-7-9%", authorized banks have already issued 5,594 loans for a total sum of UAH 13.134 billion. In particular, UAH 9.412 billion was issued as refinancing of previously received loans, UAH 2.5 billion was received by entrepreneurs for capital investments and UAH 1.222 billion as anti-crisis loans at 3%.

As reported, the state program "Affordable Loans at 5-7-9%" was launched in Ukraine on February 1, 2020.


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