Volume of bank loans to economy up 1.7% to UAH 1,040.4 billion in May

According to operational data of the National Bank of Ukraine (NBU), the volume of loans issued by commercial banks to the corporate sector and individuals increased by 1.7% to UAH 1,040.432 billion in May.

This follows from a statement by the NBU, the Ukrainian News agency reports.

Since the beginning of the year, the volume of loans in the economy has increased by 4.3% from UAH 997.877 billion.

The volume of hryvnia loans to legal entities for the reporting month increased by 1.4% to UAH 535.887 billion.

The volume of loans issued to businesses in foreign currency increased by 2.5% to UAH 242.147 billion.

The volume of loans issued to the population during the reporting period increased by 1.8% to UAH 246.217 billion.

In May, interest rates on hryvnia loans for businesses decreased by 2.2 percentage points to 15.3%, for the population - increased by 0.2 percentage points to 34.6%.

For foreign currency loans, business rates were 6.9%.

As the Ukrainian News agency earlier reported, in 2023, the volume of loans in the economy decreased by 1% from UAH 1,007.648 billion.

In 2022, the volume of loans in the economy decreased by 3.5% from UAH 1,044.049 billion.

In 2021, the volume of loans in the economy increased by 10% from UAH 948.386 billion to UAH 1,043.694 billion.