Banks issued loans for restoration of energy sector for UAH 25 billion in a year

Banks have provided financing for relevant projects for a total amount of almost UAH 25 billion since the signing of the memorandum on readiness to finance the restoration of the energy infrastructure damaged by the massive attacks of the russian federation in a year.

This is stated in the NBU report, Ukrainian News Agency reports.

According to the weekly survey of banks by the National Bank, introduced on the eve of the signing of the memorandum, during this time 1,879 loans were granted to businesses for UAH 23.7 billion and 8,622 loans to the population for UAH 1.3 billion.

In June, the monthly volume of "energy" loans granted became the largest in a year (UAH 5.5 billion), so the gross portfolio of such loans to legal entities, taking into account their repayment as of June 25, reached UAH 14.9 billionas, and to individuals - UAH 1 billion.

As of June 25, the total generation capacity financed by banks under business loans exceeded 705 MW, storage – 320 MW. Projects are financed in 21 regions of the country.

As Ukrainian News Agency earlier reported, within the framework of the Strategy for the Development of Lending initiated by the NBU and developed together with the Ministry of Economy and the Ministry of Finance, the energy sector has been recognized as one of the priorities.

Within the framework of this Strategy, the National Bank is weighing regulatory decisions for their impact on the credit potential of the banking system and has introduced a number of steps to intensify lending to priority sectors.

In particular, to stimulate financing of the energy sector, the requirements for assessing credit risks by banks have been revised and the coefficients for taking into account the cost of energy equipment when it is accepted by banks as collateral for relevant loans have been increased.

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