PrivatBank has introduced in the US a new program to support Ukrainian small business
- Company news
PrivatBank has introduced in the US a new program to support Ukrainian small business
© Dnia
Also, the programme organized training forums and seminars in Kiev and in the largest regions of Ukraine.
PrivatBank, the largest commercial Bank of Ukraine, presented a wide range of American financiers and politicians, his new program of development of small and medium business in Ukraine “CUBE”. As reported emergingmarketbanking.com in the course of the event, organized by the Atlantic Council (Atlantic Council) at the National press club in Washington, Chairman of the Board Alexander Dubilet told about the main goal of this program is to create more than one million jobs by 2018 by providing entrepreneurs with the necessary funds to expand their business and revive the economy.
The unemployment rate in Ukraine is already 10.3% and continues to grow at the same time, 30% of Ukrainians point to the lack of financial capacity as a major obstacle to establishing or expanding their own business. Therefore, PrivatBank was launched the national program, which will give entrepreneurs the required tools and knowledge to expand their business and revive the economy. As said Alexander Dubilet, for the first 6 months of the program, which offers the possibility of obtaining funding from 200 to 20 000 USD for small business and entrepreneurs, has created 71,000 new jobs.
Also, the programme organized training forums and seminars in Kiev and in the largest regions of Ukraine. According to participants, this program, along with the necessary reforms, in cooperation with the National Bank of Ukraine and the IMF, is committed to give impetus to the development of the Ukrainian economy and tackle rising unemployment. At a time when the Ukrainian economy is faltering and some banks were closed, PrivatBank continues to provide jobs and essential financial services for the Ukrainians.