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issued to entrepreneurs. The issued loans are anti-crisis loans, refinancing of previously received loans, investment loans, and anti-war purpose loans.
The farmer loan portfolio has grown by over 50%. As of the beginning of May 2022, the share of loans granted by banks to companies related to agriculture, forestry, and fisheries was 13.2% of the total number of loans, reported Opendatabot. In total, the loan portfolio of the agricultural sector amounted to UAH99.1B ($3.3B). Most of the loans, 75%, were distributed in the national currency (UAH74.3B). Despite the war, from January to April 2022, lending to agricultural companies increased by 20% or by UAH16.5B. In general, banking loan portfolios in the farm sector has grown by 52.4% over the year. This amounts to UAH34B ($1.1B). Most agricultural companies apply for short-term loans for use during the sowing campaigns.
47 UKRAINE Country Report XXXX 2018 www.intellinews.com