PRAVEX BANK has concluded an agreement with the Entrepreneurship Development Fund on partnership in the state program "Affordable loans 5-7-9%" for small and medium businesses. The program is implemented with the support of the President and the Government of Ukraine and is aimed at facilitating the access of small and medium-sized businesses to bank lending to overcome the effects of the coronary crisis and enterprise development.
Under the terms of the program, the state reimburses part of the borrower's interest`s costs depending on the number of jobs created by the company.
“Increasing the volume of lending to small and medium-sized businesses is a strategic direction of development for PRAVEX BANK. And we are glad that the state creates conditions to support business in the real economy and helps banks to support their customers on favorable terms, especially in such a difficult time for the economy",- said Francesco Lupo, Head of Corporate Division at PRAVEX BANK.
Currently, the Bank's new loan products under the program are under development and will be launched in the nearest future.
More about the program at the link: https://5-7-9.gov.ua/