The Cabinet of Ministers changed the terms of the program “Affordable loans 5-7-9%”. Thus, the maximum loan amount for working capital financing has been reduced to UAH 5 million. At the same time, the limits for investment purposes remain unchanged, in particular, for enterprises in the processing industry they amount to UAH 150 million.
The government has changed the parameters of the program that affect bank profits: the size of the margin of banks working with borrowers under the “Affordable Loans 5-7-9%” program is limited. Thanks to this, 3 billion UAH can be released. and are aimed directly at business lending.
Deputy Minister of Economy Nadezhda Bigun noted that the state has a limited resource of cheap money to support business, so the government is modernizing the “5-7-9%” program in such a way as to refocus this type of state support on investment lending, she noted.
Due to lack of funds in the budget, the state has not paid interest compensation to banks under the state program “Affordable loans 5-7-9%” for about five months. At the beginning of the year, the debt reached UAH 7 billion.
