The government allocates 15 billion for business loans: which banks will receive funds.

According to inkorr.com: The Cabinet of Ministers of Ukraine has approved the draft resolution 'On Providing State Guarantees on a Portfolio Basis in 2025', developed by the Ministry of Finance. According to this document, it is planned to allocate about 15 billion UAH for state guarantees for 17 banks that have successfully passed the selection.

'State guarantees on a portfolio basis are a tool for supporting micro, small, and medium-sized businesses, allowing entrepreneurs to obtain loans under more favorable conditions. The state assumes partial obligations for the portfolio of loans, which encourages banks to lend to entrepreneurs even in difficult wartime conditions.' - noted Ukraine's Minister of Finance Serhiy Marchenko.

The total amount of state guarantees will be 14.99 billion UAH and will be distributed among 17 banks, including Oschadbank JSC, Ukreximbank JSC, Ukrgasbank AB, and others. According to the draft resolution, the Minister of Finance gains the right to conclude the necessary agreements with the participants of the program.

Success story of state guarantees

Since the introduction of the state guarantees on a portfolio basis tool in December 2020, over 50 thousand loans have been issued for a total amount of 163.5 billion UAH. In September, the amount of financing was 1.7 billion UAH, of which more than half was guaranteed by the state.

The approved draft resolution on providing state guarantees on a portfolio basis in 2025 provides for the allocation of nearly 15 billion UAH for 17 banks to support micro, small, and medium-sized businesses. This program allows entrepreneurs to obtain loans under favorable conditions and encourages banks to actively lend to businesses even in difficult conditions, including during wartime conflicts. State guarantees on a portfolio basis have already demonstrated their effectiveness, as evidenced by the issuance of over 50 thousand loans totaling over 163 billion UAH since the program started in December 2020.

Thus, the innovation demonstrates the government's efforts to support the economy, especially in wartime conditions. Attracting loans on favorable terms will help small and medium-sized enterprises better cope with challenges and adapt to the market situation, which, in turn, may stimulate the overall economic development of the country.