Page 52 - UKRRptJul20

In retail the opposite happened when the slowly rising volume of retail credits fell in May, although the growth of retail credits is likely to resume over the summer as the population turns to bank loans to make up for falls in real income caused by the crisis. Retail loan volume was UAH218,189mn in June.
As the charts show the corporate borrowing on a month-by-month basis remains down on the last two years, whereas retail borrowing has been the highest of any year in the last four since the start of 2020.
The small business stimulus program, Affordable Loans 5-7-9%, has distributed 639 loans for a total of $15mn since February, ​the Finance Ministry reports. The average loan size of $23,500 reflects the loan cap of $55,000. Although 16 private and state banks now participate in the program, it is far short of its announced goal of extending 50,000 loans by next February.
52​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com