Banks provided UAH 6.1B of loans under state guarantees – Finance Ministry

Banks provided UAH 6.1B of loans under state guarantees – Finance Ministry

Ukrinform
As of October 1, 2021, ten banks provided loans for a total sum of UAH 6.1 billion under state guarantees on a portfolio basis, Ukrinform reports, referring to the Finance Ministry’s press service.

"As part of the support for micro-, small- and medium-sized businesses in Ukraine through the instrument of state guarantees on a portfolio basis, as of October 1, 2021, ten banks provided 2,112 loans for a total sum of UAH 6.1 billion. Liabilities on principal partially secured by state guarantees on a portfolio basis amounted to UAH 2.755 billion. This is about 70% of the total limit of guarantees provided in 2020 (UAH 3.930 billion),” reads the report.

In September 2021, banks provided 91 loans for a total sum of UAH 542 million, with a debt obligation of UAH 260 million.

In terms of the number of issued loans, JSC CB PrivatBank is in lead - 949 loans worth UAH 866 million, which is about 87% of the limit of such guarantees provided to this bank in 2020. It is followed by JSC Oschadbank - 753 loans worth UAH 2.179 billion.

The largest amount of loans were provided in the city of Kyiv – UAH 184 loans worth UAH 755 million, Lviv region – 138 loans worth UAH 366 million, and Dnipro region – 134 loans worth 326 million.

The largest amounts of loans partially secured by state guarantees on a portfolio basis were issued in the spheres of wholesale and retail trade (741), agricultural (594), and processing industry (337).

As reported by Ukrinform, on September 3, 2020, the Verkhovna Rada approved the law on providing state guarantees on a portfolio basis.

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