Last week, entrepreneurs received loans worth UAH 448 million under the government program Affordable Loans at 5-7-9%. Since the start of the program (February 2020), banks have issued 54,600 loans worth UAH 171.7 billion to businesses.
Most entrepreneurs have borrowed finance under anti-crisis loans – UAH 62 billion, and UAH 28.6 billion – to refinance previously obtained loans. In addition, UAH 42.7 billion was issued for anti-war purposes and UAH 10.9 billion – for investment purposes. Agrarians received UAH 25.9 billion in loans to support their operations, while trading companies took out UAH 1.5 billion in loans to replenish working capital.
The most frequent recipients of loans under the program were companies operating in agriculture (53%), trade and manufacturing (24%) and industrial processing (14%). Among the regions, Lviv, Kharkiv, Dnipro, Odesa, Kyiv, Vinnytsia regions and the city of Kyiv were the leaders in terms of sums lent.
Currently, 45 banks participate in the program, with Privatbank (22,800), Oschadbank (8,200) and Raiffeisen Bank Aval (5,300) issuing the biggest number of loans. (Government portal/Business World Magazine)
