Business news from Ukraine

IN THE LAST TWO WEEKS THE STATE OSHCHADBANK ISSUED 60% OF ALL “5-7-9%” LOANS FOR THIS PERIOD

12 September , 2022  

Over the past two weeks, Oschadbank has concluded 149 loan agreements for a total of UAH 547 million under the Affordable Loans 5-7-9% program, the Ministry of Finance reported on its website.

According to the agency, in just two weeks, under this state program, all participating banks issued 247 loans in the amount of UAH 1.43 billion.

According to the Ministry of Finance, during the specified period, FUIB issued 26 additional loans for UAH 193 million, Credit Agricole Bank – 23 loans for UAH 163 million. Raiffeisen Bank – 11 loans for UAH 115 million, state-owned Ukrgasbank – three loans for UAH 12 million, ProCredit Bank – two loans for UAH 5 million, and state-owned Ukreximbank – one loan for UAH 19 million.

The Ministry of Finance clarified that during the period of martial law in Ukraine, 11,986 loans worth UAH 40.6 billion were concluded within the framework of the state program “Affordable loans 5-7-9%”, 44 banks participate in the program.

In total, since the start of the program on September 12, companies have received 46.808 thousand loans from authorized banks for a total of UAH 138.22 billion, of which 30.031 thousand from state-owned banks for UAH 54.4 billion.

Despite the absence of new loans in recent weeks from PrivatBank, it remains the leader in terms of the number and volume of issued financing – 19.39 thousand loans for UAH 19.67 billion. It is followed by Oschadbank – 6.67 thousand for UAH 19.67 billion and UAH 16.08 billion, respectively.

The top five also includes Raiffeisen Bank – 4.09 thousand loans for UAH 18.55 billion, state-owned Ukrgasbank – 3.18 thousand for UAH 11.74 billion and FUIB – 2.57 thousand for UAH 15.49 billion. In the second five – ProCredit Bank – 2.23 thousand for UAH 9.94 billion, Kredobank – 1.52 thousand for UAH 5.84 billion, Credit Agricole Bank – 1.4 thousand for UAH 8.28 billion, OTP The bank – 0.81 thousand for UAH 4.91 billion and the state-owned Ukreximbank – 0.79 thousand for UAH 6.36 billion.