More than UAH 40.8B provided under Affordable Loans program

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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