At its meeting on July 29, the Cabinet of Ministers approved changes to the regulations regarding targeted lending programs. This was announced by Prime Minister Denys Shmyhal.
“After the NBU raised the discount rate, such programs as “5-7-9″, financial leasing and state portfolio guarantees slowed down. This is what the business says. Therefore, the Government will introduce changes today thereby making it possible to remove the barriers that occurred under these programs,” the Prime Minister said.
According to the Head of the Government, for the period of martial law, banks will now have an opportunity to increase the interest rate up to 20% for new loans, the emphasis is also on investment loans: “The main goal of the changes is to activate preferential lending programs for businesses.” (Government portal/Business World Magazine)
