«For representatives of business, including agrarian, the financial rate of banks has increased to 25%. Everyone understands that bank loans will not cost less than 30%. In war conditions it is hard to find a business with 30% profitability. This is a very important issue. I hope that a certain compromise will be found so that the financial lending rate will be reduced so that the loans can be really used. So far, banks have the right to revise the terms of loans, which were issued earlier. In the current circumstances, when exports are very limited and farmers do not have enough working capital, it is difficult to repay loans at much higher rates than the conditions that were set at the beginning,» said Denis Marchuk.
Let us remind that the Board of the National Bank of Ukraine names the purpose of increasing the discount rate as protection of hryvnia incomes and savings of citizens, increase of attractiveness of hryvnia assets, and reduction of pressure on the currency market.
PigUA.info according to agravery.com