Cabinet approves new subsidized loan program of up to UAH 1 bln with 5.5-pp rate compensation – PM
The government has expanded state support for large projects in the fuel sector, logistics, trade and processing industry through partial compensation on loans of up to UAH 1 billion, Prime Minister Serhiy Koretsky has said.
Prime Minister Serhiy Koretsky announced a new subsidized loan program that will provide up to UAH 1 billion in partial compensation on loans for large projects in fuel, logistics, trade, and processing industries. The state will cover 5.5 percentage points of the bank's base rate. This initiative aims to restore fuel and warehouse infrastructure, modernize processing enterprises, and replenish working capital for wholesale and retail trade.
National Bank Governor Andriy Pyshnyi expressed his support for the program, stating that the NBU team contributed to its development and believes no significant issues will arise in its implementation. However, he acknowledged an outstanding debt to banks from the 5-7-9 compensation program, which the National Association of Banks of Ukraine and the NBU are working with the government to resolve.
Pyshnyi emphasized the importance of ensuring proper payment of compensation for previously issued loans and indicated that the implementation schedule will be optimized, taking into account available resources and the need to maintain financial stability.
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