The farmer loan portfolio has grown by over 50%.

Tuesday, June 7, 2022
The farmer loan portfolio has grown by over 50%.

 As of the beginning of May 2022, the share of loans granted by banks to companies related to agriculture, forestry, and fisheries was 13.2% of the total number of loans, reported Opendatabot. In total, the loan portfolio of the agricultural sector amounted to UAH 99.1B ($3.3B). Most of the loans, 75%, were distributed in the national currency (UAH 74.3B). Despite the war, from January to April 2022, lending to agricultural companies increased by 20% or by UAH 16.5B. In general, banking loan portfolios in the farm sector have grown by 52.4% over the year. This amounts to UAH 34B ($1.1B). Most agricultural companies apply for short-term loans for use during the sowing campaigns.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Russian ships have withdrawn from the coastal waters of the Odesa region.

Russian ships have withdrawn from the coastal waters of the Odesa region.

Next post
Military bond rates will not change despite the key policy rate increase.

Military bond rates will not change despite the key policy rate increase.

Previous Main Topics