Officials at the Ministry of Finance have released figures for the portfolio state guarantees program, a key initiative aimed at supporting small and medium-sized enterprises (SMEs) in Ukraine. The data shows a sharp decline in both the number and volume of loans issued in July 2025.
The program, which operates through state-guaranteed lending, is designed to provide financial support to SMEs by reducing the risk for lenders. The report indicates that in July, 567 loans totaling UAH 2.2 billion were issued, representing a significant drop from June. The number of loans decreased by 21.7%, while the total volume of lending saw an even sharper decline of 38.9%.
Analysts suggest that the decline may be due to a variety of factors, including changes in the economic environment or adjustments in the program’s implementation. The Ministry is currently reviewing the situation to assess the impact of these changes on business operations and to determine if any adjustments will be made to the program.