Interest rate on loans for business to be reduced to 7%, - PM

Source : 112 Ukraine

Head of the government said that theParliament adopted a government law on the state guarantees
23:10, 4 September 2020

Press-service of the Cabinet of Ministers

During the work of the current government, the National Bank of Ukraine discount rate has decreased from 11% to 6%, and in the future it is planned to reduce the interest rate on loans for business. Prime Minister of Ukraine Denys Shmygal stated this during a speech at the second "Forum of SMEs. Restart 2020", which was held in Kyiv, the press service of the Cabinet of Ministers reports.

"Today, there is already a mortgage at 10%. Our goal is lending in hryvnia at an average of 7%. This week, the Verkhovna Rada adopted a government law on state guarantees. The first $180 million have been allocated. These will be state guarantees for loans to small and medium-sized businesses and under state-owned enterprises that can provide us with the development of exports," the head of government said.

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Among the business support tools, Denys Shmygal also named the project "Diya.City.” According to him, it is recognized by experts as one of the best business projects in the field of IT and digitalization of public services.

"Diya.City" is one of the types of special modes for business. To become a leader in the region, we need to leap two steps forward, taking advantage of the crisis. "Diya.City" is one of such steps, which will give us new breakthrough ideas and business opportunities," the Prime Minister said.

Denys Shmygal also added that the price and availability of credit resources for business are two parameters over which the government is working together with the NBU and the banking system.

"I am convinced that by the end of the year we will present the result of this work, and business will see real changes in lending rates and in the availability of financial resources in the banking system of Ukraine," the head of government summed up.

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