In 2020, the quantity of loans offered by JSB Ukrgasbank to small and medium-sized companies rose by 50% (or UAH 2.5 billion) and amounted to UAH 7.7 billion, Ukrinform stories referring to the financial institution’s press service.
“Final 12 months, Ukrgasbank paid particular consideration to lending to small and medium-sized companies, which suffered most from the pandemic and quarantine restrictions. Through the 12 months, the quantity of loans acquired by our SME shoppers elevated by 50% (or UAH 2.5 billion) and amounted to UAH 7.7 billion. Furthermore, 80% of loans are funding loans,” reads the report.
Greater than 71,000 small and medium-sized companies have chosen Ukrgasbank as their dependable associate. Basically, such a major enhance within the portfolio was as a result of financial institution’s lively participation within the authorities program “Reasonably priced Loans at 5-7-9%” and new enterprise lending packages. At present, the financial institution’s portfolio of accessible loans exceeds UAH 1.5 billion, of which UAH 1 billion are funding loans. Final 12 months, the financial institution additionally provided the market a program to assist exporters and unsecured loans for vitality effectivity.