Another Ukrainian bank, with the support of the German government, is launching a new grant program for businesses.
Ukrgasbank and German financial group DSIK have agreed on the joint implementation of the Access to Financing and Support for the Sustainability of MSMEs in Ukraine 2 project. Financing and grant support within the framework of the project will be available to micro, small, and medium-sized enterprises in Ukraine, working primarily in the processing industry and economically important production activities and other areas of business.
Priority will be given to relocated enterprises and enterprises in the communities that host them and enterprises from the de-occupied territories. These enterprises will receive compensation of up to 30% of the project cost for loans obtained from Ukrgasbank. Lending under the new program can be combined under the state program 5-7-9%.
Ukrgasbank has experience in lending specifically for investment projects and is among the three leaders of the program in terms of the investment component.