KYIV. Oct 24 (Interfax-Ukraine) – Ukrainian businessmen have received UAH 1.5 billion of financing to start or develop their own business in the first six months of operation of the KUB portal (credits to Ukrainian business). This helped create 71,000 new jobs, PrivatBank Board Chairman Oleksandr Dubilet has said.
“There is money on the P2P platform. Yes, the rate is high. Depositors want to have the rate of 23-24%. Local authorities today could compensate the rate and make it affordable – 8-9%. It would be beneficial. It would be returned to the local budget… soon via taxes and salaries,” the banker said at a press release at the Ukraine is a Country of Entrepreneurs forum in Kyiv last week.
He said that the program to finance small and medium-sized business via KUB with financing of UAH 20 billion in 2016-2018 could help to create around 1 million jobs.
As reported, PrivatBank acted as the operator of the Р2Р crediting platform in partnership with MasterCard.
The P2P platform allows creditors to receive a chance of issuing credits to borrowers without intermediaries, having bigger rates compared to deposit rates, borrowers to have access to cheap credits and banks to connect to the platform and credit borrowers without spending on the search of clients, assess risks and other things.
PrivatBank was founded in 1992. Its largest shareholders were Hennadiy Boholiubov and Ihor Kolomoisky as of January 1, 2016.
The bank ranked first among the 108 operating banks in the country as of July 1, 2016, in terms of total assets worth UAH 268.85 billion, according to the National Bank of Ukraine.
