Photo from UNIAN
Over the past week alone, banks issued 196 new loans worth UAH 638 million.
Ukrainian banks within the framework of the government program "Available loans 5-7-9 percent" have already issued to businesses across country a total of 1,446 loans worth UAH 2.413 billion.
Over the past week alone, 196 new loans were approved in the amount of UAH 638 million, according to the press service of the Ministry of Finance.
In great demand among businesses are loans aimed at refinancing funds borrowed earlier.
Read alsoUkraine's PM: It's already possible to talk about mortgage at 10%
"Over the past week, the portfolio of refinanced loans under the program has grown by half a billion (UAH 564 million). It has already exceeded one and a half billion (UAH 1.637 billion) and growing. The amount of applications for refinancing made up UAH 6.464 billion since the launch of the anti-crisis product," the report reads.
It is noted that demand for investment loans under the program remains consistently high among businesses. As of July 27, applications for loans worth a total of UAH 5.129 billion have been filed.
"Since the launch of the program, authorized banks have already issued investment loans in the amount of UAH 757.3 million, which allowed entrepreneurs to update their basic funds in the amount of about UAH 1 billion," the ministry wrote.
As UNIAN reported earlier, on February 3, the Ukrainian government announced the start of the "Available loans 5-7-9 percent" program, assessing its potential at 50,000 in 2020.
On June 17, the Cabinet of Ministers streamlined access to loans issued to small and micro-businesses under the 5-7-9 program, softening the requirements for mandatory profitability, removing restrictions on the areas of use of funds and the loan ceiling.