Results of the first month of Credit Agricole Bank's participation in the State Program "Affordable loans 5-7-9%"

More than 85 business customers of Credit Agricole Bank have already benefited from the State Program "Affordable Loans 5-7-9%", having refinanced loan debt at an interest rate of 0% per annum. These are the results of the first month of the State Program "Affordable loans 5-7-9%" in the bank.

"Credit Agricole Bank contributes to the development of small and medium-sized businesses in the country, supporting our customers in this challenging times. After all, it is the SME segment that has been most vulnerable to the negative effects of the pandemic crisis. Why is this so important to us? We at the bank are inspired by the success stories of our clients, despite all the difficulties. After all, small and medium-sized businesses often start with someone's dream or family business. We care about each client and prove by concrete actions that they can rely on Credit Agricole Bank! ” says Olexander Shelest, Head of Mid-Corporate and SME Business Department of Credit Agricole Bank.

The Program “Affordable Loans 5-7-9%” is very popular among entrepreneurs from all over Ukraine.

"For the first month of Credit Agricole's participation in the State Program" Affordable Loans 5-7-9%", we received about 150 applications from businesses for a total amount of over UAH 780 million. We have been able to achieve such significant volumes, in particular through the significant expansion of the program and the simplification of the conditions for participation in it. By refinancing the debts of businesses, we reduce the pressure on their budgets and act as a reliable partner of a large-scale State campaign to support business," says Dmytro Kovalenko, Head of Marketing Department of Credit Agricole Bank.

To recap, in mid-June, Credit Agricole became a participant of the State Program «Affordable loans 5-7-9%», having entered into agreement on joint implementation of Micro and Small business support program with the Business Development Fund.

Existing customers of Credit Agricole can receive debt refinance for any purposes at 0% rate until March 31, 2021. Detailed information about the Program is available at https://5-7-9.gov.ua.