Banks provided UAH 6.5B of loans under state guarantees – Finance Ministry

Banks provided UAH 6.5B of loans under state guarantees – Finance Ministry

Ukrinform
As of November 1, 2021, ten banks provided loans for a total sum of UAH 6.5 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 November 1, 2021, ten banks provided 2,175 loans for a total sum of UAH 6.502 billion. Liabilities on principal partially secured by state guarantees on a portfolio basis amounted to UAH 2.844 billion. This is about 73% of the total limit of guarantees provided in 2020 (UAH 3.930 billion),” reads the report.

In October 2021, banks provided 71 loans for a total sum of UAH 430 million, with a debt obligation of UAH 181 million.

In terms of the number of issued loans, JSC CB PrivatBank is in lead - 943 loans worth UAH 861 million, which is about 83% of the limit of such guarantees provided to this bank in 2020. It is followed by JSC Oschadbank - 794 loans worth UAH 2.289 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 (760 loans worth UAH 2.65 billion), agricultural (594 loans worth UAH 2.9 billion), and processing industry (337 loans worth UAH 1.483 billion).

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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