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SME financing reached pre-war levels in the first quarter - Globus Bank

SME financing reached pre-war levels in the first quarter - Globus Bank

According to the results of the first quarter of 2024, the volume of SME financing at Globus Bank reached pre-war levels. This was stated by Oksana Shulga, Director of Small and Medium Business Department of Globus Bank, during the round table “Situation in the SME market: wartime challenges”, the bank's press service reports.

The event focused on the main trends in the SME lending market, customer needs and lending conditions in 2024, as well as war risk insurance.
Specialists from leading Ukrainian banks were invited to participate in the discussion, including Oksana Shulga, Director of SME Department at Globus Bank. She emphasized that the development of SMEs is a requirement of the present time

“The demand of SME clients is growing rapidly. The areas requiring financing are quite diverse - from services and manufacturing to the processing industry. Financing of the medical industry has also been increasing recently. Our Bank did not leave the SME lending market after the full-scale invasion began, and in the first quarter of 2024, our funding volumes reached pre-war levels. We strive to create products and services to support businesses under any conditions,” the banker said.

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The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.



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