Banks issued affordable loans worth UAH 857M last week.

Last week authorized banks issued 343 loans for a total sum of UAH 857.4 million under the government’s program “Affordable Loans at 5-7-9%", Ukrinform reports with a reference to the Finance Ministry’s press service.

Since the start of the program, authorized banks have issued 24,937 loans for a total sum of UAH 65.6 billion. In particular, UAH 21.78 billion was issued as refinancing of previously received loans, UAH 7.88 billion was received by entrepreneurs for capital investments and UAH 35.97 billion as anti-crisis loans.

As reported, the Cabinet of Ministers approved a resolution to launch the program "Affordable Loans at 5-7-9%" from February 1, 2020.

On April 15, the Cabinet of Ministers increased the maximum amount of loan under the program from UAH 2 million to UAH 3 million, and expanded the list of investment purposes for which these loans could be granted.

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