Volume of bank loans to economy up 1.1% to UAH 1,089.8 billion in August

According to operational data of the National Bank, the volume of loans issued by commercial banks to the corporate sector and individuals increased by 1.1% to UAH 1,089.763 billion in August.

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

Since the beginning of the year, the volume of loans in the economy has increased by 9.2% from UAH 997.877 billion.

The volume of hryvnia loans to legal entities for the reporting month increased by 1.2% to UAH 564.496 billion.

The volume of loans issued to businesses in foreign currency increased by 0.6% to UAH 246.999 billion.

The volume of loans issued to the population during the reporting period increased by 1.8% to UAH 263.484 billion.

In August, interest rates on hryvnia loans for businesses increased by 1.8 percentage points to 14.7%, for the population decreased by 0.1 pp. up to 33.8%.

For foreign currency loans, business rates were 6.6%.

As the Ukrainian News agency earlier reported, for 2023, the volume of loans to 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.