Ukrainian agricultural producers in 2022 attracted 43.65 thousand loans totaling 95.47 billion UAH under the program “Affordable credits 5-7-9”, according to the website of the Ministry of Agrarian Policy and Food of Ukraine on Monday.
It says that from the middle of March to May 31, 2022 a special program of concessional lending for the sowing season, under which farmers could borrow up to 60 million hryvnia at 0% per annum, and the state guaranteed 80% of funding. During the period of its operation the agrarian entrepreneurs received 24,72 billion UAH of credits. From June 1, 2022, the usual program “5-7-9” was applied for loans to agricultural sector.
The leaders in terms of credit amounts during this period were the Kiev region – 15,5 billion UAH, Vinnitsa region – 10,2 billion UAH, Kirovograd region – 8,6 billion UAH, Dnepropetrovsk region – 6,8 billion UAH and Odessa region – 6 billion UAH.
PrivatBank, Raiffeisen Bank, Ukrgasbank, Oschadbank, Ukreximbank, Credit Agricole and PUMB granted the most loans to agrarians.
The agency also recalled that the Ukrainian government has decided to provide financial support to micro, small and medium enterprises to restore partially or completely destroyed as a result of military operations of production facilities. Agribusinesses can also count on such support.
Besides, banks credit business for energy supply: purchase and installation of equipment ensuring uninterrupted work of business energy systems. Lending for such investments is made at an interest rate of 0% per annum.
