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February 27, 2023, 16:40

Ukraine launches loans for businesses through EU Programmes: these are positive signals — Chair of the Board of the IABU

In addition to state support for business loans during the war, Ukraine has already launched several programs with international participation. Olena Korobkova, Chair of the Board of the Independent Association of the Banks of Ukraine (IABU), made this statement during a briefing at Media Center Ukraine — Ukrinform.

“The first is a joint program of Kredobank and the European EBRD: both sides are taking the risk, even in areas close to those where active hostilities are taking place. Another program is at the state-owned Oschadbank. It provides grant support for financing micro- and macro- enterprises, and small and medium-sized businesses, funded by the German government and implemented by a German federal company. The loan amount is 240 thousand euros excluding VAT. Any company registered in Ukraine can take advantage of the program. These are positive signals that not only banks but also global organizations will try to support our business,” Korobkova noted.

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