According to Andriy Bukin, Deputy Chairman of the Board of Pivdenny Bank, 72% of these funds were invested by entrepreneurs, 15% was money from state or local budgets, and bank loans account for only 3%.
“The amount of money those Ukrainian enterprises invested in developing intangible assets in 2023 exceeded ₴390B ($9.5B). And this figure is close to the volume of the corporate credit portfolio of the entire banking system of Ukraine, which is about ₴550B ($12.2B),” Bukin added.
The key areas for investment are the agro-industrial sector, the food industry (primarily processing), real estate, and defense. “Each of these industries receive 10-12% of the total volume of internal investment by enterprises,” the banker added.
He explained the banking system’s role in these investments using Pivdenny Bank’s example, executing more than 200 credit agreements worth more than ₴7B last year. Investment loans in the bank’s portfolio currently reach 15%, and according to Bukin, this figure is the same for the entire banking system.