Twelve banks will receive portfolio state guarantees of UAH 8.1 billion ($300 mln).

The Ministry of Finance has prepared a draft resolution of the Cabinet of Ministers on providing state guarantees on a portfolio basis in 2021. Furthermore, the Law on the State Budget for the current year stipulates that relevant state guarantees in the amount of up to UAH 10 billion ($370 mln) may be provided to ensure partial fulfillment of debt obligations on the portfolio of bank loans provided to micro, small and medium enterprises – residents of Ukraine.