NBU, Cabinet to present programs of mortgage at 10%, preferential loans for payment of wages this week – Zelensky

19:15, 27.04.2020 1 min read

President of Ukraine Volodymyr Zelensky has said that this week the Cabinet of Ministers and the National Bank of Ukraine (NBU) will present the programs of mortgage at 10% and preferential loans for small business at a low interest rate to pay wages to employees.

"Among other things the government and the NBU will present two important programs this week. The first one is a mortgage program for the population at around 10%. The second one is preferential loan program for small businesses at a small interest rate for payment of wages to their employees," he said in a video message to the Ukrainian people on Monday.

Zelensky also welcomed the decision of the NBU to down its refinancing rate to 8%.

"This gives banks an opportunity to reduce loan interest rates for businesses and the population. The ball is in their court now. So, we all are looking forward to such a decision," he said.