New business loans under the 5-7-9 program will be issued at a 20% rate.
Monday, August 1, 2022

New business loans under the 5-7-9 program will be issued at a 20% rate.

At a meeting on July 29, the Cabinet of Ministers approved changes to the regulations on targeted lending programs, the government website says. This decision was made because after the NBU increased the discount rate, programs such as 5-7-9, financial leasing, and state portfolio guarantors slowed down. Thus, due to the changes, banks can increase the interest rate to 20% for new loans during martial law. Emphasis is also being placed on investment loans, as the main goal of the changes is to activate preferential lending programs for businesses.

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