Raiffeisen Bank Aval joins the state program Affordable loans at 5-7-9%
Raiffeisen Bank Aval has got a positive decision from the board of the Entrepreneurship Development Fund regarding the bank’s participation in the “Affordable loans at 5-7-9%” state program and signed the corresponding agreement on 14 May, 2020.
Currently, the bank has completed internal preparation procedures, and in the near time it will start working with reliable borrowers under this program.
The state program is aimed at financing the business activity of Ukrainian entrepreneurs and development of investment projects that will promote creation of new jobs and growth of small and medium businesses.
This program also provides an opportunity for representatives of SME business to receive a financial support for overcoming negative consequences caused by the introduction of quarantine measures for prevention of the spread of Covid-19 disease.
“As before, one of our priorities is financing of small and medium businesses. In today’s difficult conditions, a comprehensive support of our entrepreneurs will allow to overcome the pandemic consequences and promote economic renewal”, stressed Oleksandr Pysaruk, Chairman of the Board of Raiffeisen Bank Aval.