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Photo: Vladimir Zelensky (RBK-Ukraine)
Ukraine’s President Volodymyr Zelenskyy signed a law that allows to provide state guarantees for loans to private companies. The document aims to expand the possibility of access to credit resources for micro, small and medium-sized companies.
This was reported by the press service of the Presidency.
We are talking about the provision of state guarantees on a portfolio basis in the amount of up to 5 billion hryvnia to ensure partial fulfillment of debt obligations on the loan portfolio of commercial entities – residents of Ukraine to creditor banks.
The document states that the procedure for selecting creditor banks and the conditions for the provision of state guarantees based on the portfolio, size and type of guarantee are established by the government. The provision of such guarantees is formalized in the form of an agreement between the Ministry of Finance of Ukraine and the creditor bank.
In addition, the law provides for the introduction of financial and credit mechanisms to provide housing to Ukrainian citizens, which will allow the implementation of the president’s initiatives on affordable mortgage loans.
We recall, on September 3, that the popular deputies approved the corresponding bill in second reading.
In addition, at the beginning of June, the Ministry of Finance did not rule out that state support could be provided in the event of a crisis to private companies.
