Ukrainian farmers during the period of the Affordable Loans 5-7-9% program and portfolio guarantees opened for them until May 31 had attracted UAH 38.507 billion in total, the Ministry of Agrarian Policy and Food reported.
“Credit funds were attracted by 18,078 farmers. Most of the loans under the portfolio guarantee program 80% were provided by state-owned banks,” the release says.
According to it, PrivatBank issued such agricultural loans for UAH 8.243 billion, Ukrgasbank – for UAH 4.355 billion, Oschadbank – for UAH 2.814 billion, Ukreximbank – for UAH 2.285 billion.
The top 5 regions in terms of attracted financial resources included Kirovohrad (UAH 4.712 billion), Kyiv (UAH 4.942 billion), Vinnytsia (UAH 3.289 billion), Odesa (UAH 2.940 billion) and Dnipropetrovsk (UAH 2.937 billion) regions.
They are followed by Poltava (UAH 2.407 billion), Volyn (UAH 2.117 billion), Lviv (UAH 2.094 billion), Khmelnytsky (UAH 1.758 billion) and Ternopil (UAH 1.527 billion) regions.
The ministry reminded that according to the terms of the program, farmers could attract up to UAH 60 million at 0% per annum for up to 6 months. Purpose of lending is an investment loan for the purchase of agricultural machinery, a loan for replenishment of working capital for the purchase of seeds, fertilizers, fuels and lubricants.
The size of the loan guarantee from the state reached 80% of the loan amount. A pledge of 20% of the amount could be A loan object, movable, immovable property – commercial real estate, special equipment, fixed assets, including bought for credit funds, as well as grain.
“One stage has actually been passed, but ahead – the periods of harvesting and selling the harvest are no less important. Therefore, the government will continue to work to ensure that farmers are provided with affordable financing – this is a basic condition for their development and competitiveness,” First Deputy Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky said.
