“As of the end of 2024, the state’s debt to banks for compensation of interest rates within the framework of the Affordable Loans 5-7-9% program reached 10 billion hryvnias. Kateryna Rozhkova, first deputy head of the National Bank of Ukraine, announced this. According to the NBU’s report on financial stability, the reform of this program is slow and not always aimed at the clients who need it the most”, — write on: ua.news
As of the end of 2024, the state’s debt to banks for compensation of interest rates within the framework of the Affordable Loans 5-7-9% program reached 10 billion hryvnias.
Kateryna Rozhkova, first deputy head of the National Bank of Ukraine, announced this.
According to the NBU’s report on financial stability, the reform of this program is slow and not always aimed at clients who need support the most. Due to this, compensation debts to banks increased by the end of the year.
In addition, further financing under the program may be complicated by the introduction of requirements for compliance with environmental and social standards, which will require additional knowledge and training from both banks and their customers.
It is expected that the activity of the program in 2025 may decrease. At the same time, the share of subsidized loans in the overall business lending portfolio has already decreased to a third, which indicates the weakening of the role of state support in this sector.
On December 20, the National Bank of Ukraine (NBU) lowered the exchange rate of the dollar against the hryvnia. The dollar eased after hitting an all-time high for four consecutive days.
All insider information and current information on our Telegram channel, as well as bonuses and breaking news.