The number of loans taken out with state guarantees doubled in June.

In June, banks issued 2,116 loans under the state guarantee program on a portfolio basis, which is over 100%, or 1,129 loans, more than in May, reported the Ministry of Finance.

The volume of issued loans increased by UAH 1.13B, or 26.1%, and amounts to UAH 5.46B, with the share of principal debt obligations guaranteed by the state amounting to UAH 2.87B.

“As part of the support for micro, small, and medium-sized businesses in Ukraine since the beginning of the use of the state guarantee instrument in December 2020, 25,789 loans have been issued for a total amount of UAH 83.42B ($2.28B),” the Ministry of Finance informs.

As of July 1, 2023, 29 banks have issued more than 19,300 loans worth UAH 58.35B. The share of principal debt obligations partially secured by state guarantees amounts to UAH 28.18B or 78% of the total limit of guarantees provided.