Banks Provided 1,570 Loans Totaling $119 Million

Tuesday, June 22, 2021
1 MIN
Banks Provided 1,570 Loans Totaling $119 Million

Under state guarantees on a portfolio basis, Ukranian banks provided 1,570 loans 

On 1 of June 2021, ten banks provided 1,570 loans totaling 3,265 million hryvnias (₴) ($119 mln dollars), as part of the support of small and medium-sized businesses in Ukraine through the instrument of state guarantees on a portfolio basis. Liabilities for the principal debt, which was partially secured by state guarantees on a portfolio basis, amounted to ₴1 billion 538 million ($56 mln). This is about 39% of the total limit of guarantees provided in 2020 ₴3 billion 930 million ($143 mln).

At the same time, in May of this year, 297 loans were issued in the amount of ₴778 million ($28 mln ) with a debt obligation of ₴372 million ($13 mln).

During the first 4 months of operation of the program, the national bank Privatbank has completely exhausted the limit of guarantees — 100%, issuing 936 loans totaling ₴852 million ($31 mln). Among the regions, the city of Kyiv leads in the amount of loans issued under the program — ₴343 million ($12 mln dollars). The program is also in great demand in Lviv ₴206 million ($7 mln) and Kyiv ₴191 million ($7mln regions).

By type of economic activity, most loans, partially secured by state guarantees on a portfolio basis, were issued in agriculture (1,077), wholesale and retail trade (933), and processing industry (745).

According to the Government portal.

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