The agricultural loan portfolio of banks increased by more than 50% As of the beginning of May 2022, the share of loans granted by banks to companies related to agriculture, forestry, and fisheries was 13.2% of the total number of loans. In total, the loan portfolio of the agricultural sector amounted to UAH 99.1 billion ($3.3 billion).
Most of the loans, 75%, were distributed in the national currency (UAH 74.3 billion). Despite the war, from January to April 2022, lending to agricultural companies increased by 20% or UAH 16.5 billion.
Overall, bank loan portfolios in the agricultural sector increased by 52.4% over the year. This amounts to UAH 34 billion ($1.1 billion). Most agricultural companies apply for short-term loans for use during the sowing campaigns.
Kyiv city and Kyiv region were the leaders in terms of lending volumes to agricultural corporations – 28.4% (UAH 28.1 billion) of the total volume of loans granted in Ukraine. Kharkiv region accounted for 9.5% (UAH 9.5 billion), Dnipropetrovsk region for 7.6% (UAH 7.5 billion) and Odesa region for 6.6% (UAH 6.5 billion).