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Tuesday, June 7, 2022
At the beginning of May 2022, the share of loans granted by banks to businesses related to agriculture, forestry and fishing was 13.2% of the total number of loans, Opendatabot reported. In total, the agricultural sector’s loan portfolio amounted to UAH 99.1 billion ($3.3 billion). Most of the loans, 75%, were distributed in national currency (74.3 billion UAH). Despite the war, from January to April 2022, lending to agricultural enterprises increased by 20% or UAH 16.5 billion. Overall, bank loan portfolios in the agricultural sector increased by 52.4% over the year. This amounts to 34 billion UAH (1.1 billion dollars). Most agricultural enterprises ask for short-term loans which will be used during the planting seasons.
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