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Affordable Loans 5-7-9%

JSC «PIRAEUS BANK ICB»  became a member of State Programme of financial support for small and medium enterprises (SME) “Affordable Loans 5-7-9%” (thereinafter referred to as – the Programme). The Programme is being implemented by Business Development Fund (BDF) by means of making loans for small and medium enterprises (SME) cheaper due to State compensation of interest rate of loans in the local currency. 

The Programme was initiated by the President of Ukraine and the Cabinet of Ministers of Ukraine and being implemented with support of the President and the Government of Ukraine.

The State Programme “Affordable Loans 5-7-9%” is implemented for lending for the following purposes:

  1. Investment projects for SME development;
  2. Anti-crisis measures aimed at overcoming of COVID-19 consequences;
  3. Refinancing of current loans rendered by the Ukrainian banks


Main requirements of JSC «PIRAEUS BANK ICB» under the Programme:

► Requirements to Borrower: eligibility criteria for the Borrower you can find here (pdf-file, 167kb, in Ukrainian).

Segment: legal entities of small and medium businesses


  • loans for working capital,
  • loans for investment purposes,
  • refinancing of loans rendered by the Ukrainian banks (including JSC «PIRAEUS BANK ICB»).

Type of loan:

  • Non-revolving credit line
  • Revolving credit line

Credit amount –  up to UAH 50 mln

Currency - UAH


  • up to five years depending on the loan purpose.

Cost for Client:

    Compensation interest rate:

  • 0% p.a. – if refinancing loans in Ukrainian banks and/or JSC «PIRAEUS BANK ICB»  (from April,1, 2021 – 3% p.a.);
  • 0% p.a. – if the provision of loans / refinancing of debt on loans for investment purposes for medicine and medical equipment (applicable during quarantine period defined by the Cabinet of Ministers with the aim of preventing expansion of COVID-19, or restrictive measures with respect to its expansion and 90 days after it(they) have been cancelled, and after that date – 3% p.a.);
  • from 7% up to 5% p.a.* (annual turnover up to UAH 50 mio ) – if the provision of loans / refinancing indebtedness on loans granted for investment purposes for investment goals connected with Client`s business;
  • from 9% up to 5% p.a.* (annual turnover above UAH 50 mio) - if the provision of loans / refinancing indebtedness on loans granted for investment purposes for invest mentgoals connected with Client`s business.

    * Compensation interest rate depends on increasing or decreasing number of Client`s staff and might be changed during lending period.


  •  commission for loan disbursement – 0,5% of the credit line limit (is not charged in case of refinancing loans in JSC Piraeus Bank ICB, if the term of financing does not change), paid once;
  •  commission for loan managing – 0,5% of the credit line limit (checking and controlling of the satisfactory fulfilment of the loan agreement conditions ), paid once.
  • Base Interest Rate – Interest Rate that includes Compensation Interest rate (is paid by Borrower) and amount of State support under the Programme (is paid by BDF) which is applicable during the validity of the Programme and calculated according to the following formula (depending on the annual income of the enterprise / group of related counterparties):

    UIRD (3M) + 5%

    UIRD (3M) + 6%

    UIRD (3M) + 7%

Documents to be additionally submitted by Borrower to comply with the Programme requirements:

  • Application for participating in the Programme (word-file, 17 kb, in Ukrainian);
  • Approval for disclosing information about the client and the amount of State support (as an Addendum to the Application)(word-file, 14Kb, in Ukrainian);
  • Certificate on total amount of State support received by the Client and its Group (as an Addendum to the Application) (word-file, 16kb, in Ukrainian);
  • Report of the Client and / or all Members of the Group of related counterparties on the amounts of accrued salaries and the number of employees (Form 1DF) as of the last reporting date.
  • Report of the Client on number of personnel and total payroll ( form ĻD4 ) as of 01.03.2020 (for refinancing with Compensation Interest Rate 3% p.a.).

What needs to be done to get refinancing under the Programme?

1. Please check if your company comply with the eligibility criteria here;
2. Submit the Application for participating in the Programme together with the necessary documents;
3. Upon receipt of the bank’s approval sign the credit agreement with the bank. 

Information on the State Programme “Affordable Loans 5-7-9%” could be found here link

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