On June 13, the Cabinet of Ministers of Ukraine adopted a resolution “On the provision of state guarantees on a portfolio basis in 2023”.
The draft resolution was prepared by the Ministry of Finance with the aim of increasing access to lending for micro, small and/or medium-sized enterprises (MSMEs) that do not have sufficient collateral for banks, by providing a partial state guarantee for a portfolio of loans to such borrowers.
The Government’s decision establishes the possibility of providing state guarantees to 9 lending banks that have been selected to receive partial state guarantees for their MSME loan portfolio, as well as the maximum amount of such guarantees.
Based on the applications received from the banks, the maximum amount of state guarantees on a portfolio basis was approved for a total amount of UAH 7,794 million. (Government portal/Business World Magazine)
