German-Ukrainian Fund (GUF) and the Bank signed the agreement on crediting of Ukrainian small and medium enterprises (SMEs) in the amount of UAH 100 million. This nub is reported on the official website.
The Bank will lend to SMEs at a rate of at about 15% annually in local currency. The deal is part of a Program of assistance to SMEs financed by the government of Germany through the German development Bank KfW and supported by the European Union initiative EU4Business.
“Support for SMEs takes place increasingly. Our main goal for the nearest future is to join forces with a greater number of partner banks. As part of the development strategy nub until 2020 we plan to improve the SME lending, supplementing it with loan guarantees in the framework of the project the National Bank to restore credit and compensation interest rates from local administrations,” – said the Executive Director of the nub Oleg Stringa.
Funds will provide for the purchase and modernization of equipment, the purchase, construction or reconstruction of premises, working capital to expand production.
“The agreement with German-Ukrainian Fund provides us with convenient and affordable tools for the expansion of work with SMEs. The support for these categories of business in priority directions, first, to facilitate market activity, and second, activates and strengthen the economy of the whole Ukraine”, – said the first Deputy head of Kredobank Damian Ragan.