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New stage of financing eOselia program will begin in spring – Ukrfinzhytlo

KYIV. March 16 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved the strategy and financial plan of the Ukrfinzhytlo state company, which will make it possible to attract funding in the spring, its press service reported.

“This (approval of the strategy and financial plan) will allow to start the process of attracting additional funds, including on the open financial market. The next steps include receiving loan proposals and their approval by the Ministry of Economy and the Ministry of Finance. As soon as the relevant procedures are completed, Ukrfinzhytlo will be able to receive funds for the issuance of the next tranches to the bank-partners of eOselia,” the website of the state-owned company says.

The company recalled that the balance of available funds was distributed among partner banks in January. Since the beginning of the year, 110 loans worth UAH 160 million have been issued. More than 80% of the participants were contract servicemen of the Armed Forces of Ukraine and law enforcement officers.

As reported with reference to head of the board of Ukrfinzhytlo Yevhen Metzger, 45,000 applications have already been submitted for participation in the eOselia program, 936 loans worth UAH 1.2 billion have been issued.

Earlier, from October 1, 2022, a resolution of the Cabinet of Ministers came into force on approving the conditions for providing affordable mortgage lending by the state company Ukrfinzhytlo. Contract servicemen of the Armed Forces of Ukraine and employees of the security and defense sector, medical workers, teachers, and researchers can apply for a preferential mortgage at 3%.