Business news from Ukraine

INVESTMENTS WITHIN FINSTREAM FINANCING PROJECT WILL AMOUNT TO UAH 50 MLN IN 2017

25 April , 2017  

KYIV. April 25 (Interfax-Ukraine) – Investments within the FinStream project of financing small and medium-sized businesses in Ukraine in 2017 will amount to UAH 50 million, the project co-owner, owner of FGK Serhiy Pozniak has said.
“We plan to place UAH 50 million by the end of 2017,” he said at a press conference at Interfax-Ukraine in Kyiv.
As for the sectoral portfolio of the project, according to its head Serhiy Sapatov, there will be no hard segmentation: it is planned to work with business assets, which have something to show, in particular, in agriculture, trade, and services.
Sapatov said to apply for participation in the project applicants must register on its website and go through five levels of evaluation, afterwards they will be given a certain rating. The level of the interest rate of financing will depend on it.
“The higher the level of risk is or the lower the rating is, the higher the level of interest rates is,” the project manager noted.
The FinStream project appeared on the basis of work with private investments for nearly 20 years. It is intended to provide financing for small and medium-sized businesses.