Ukrainians hold more dollar-denominated government bonds than banks

The population has bought and holds more dollar-denominated domestic government bonds than Ukrainian banks.

This is evidenced by data from the National Bank of Ukraine, the Ukrainian News agency reports.

Starting from April 9, the volume of dollar-denominated government bonds owned by individuals began to exceed the volume owned by banks.

As of April 14, retail investors owned dollar-denominated government bonds equivalent to UAH 40.9 billion, while banks owned UAH 38.6 billion.

Since the beginning of this year, the population has increased its investments in dollar-denominated government bonds by 15%.

However, it should be noted that banks own almost 6 times more euro-denominated government bonds than the population: UAH 19.7 billion in equivalent against UAH 3.5 billion.

The total volume of government bonds in circulation is UAH 1.8 trillion, which is 2% less than at the beginning of 2025.

As the Ukrainian News agency earlier reported, at the beginning of the war, the Ministry of Finance began selling war government bonds and announced that war bonds are primarily a tool to support the state budget during a full-scale invasion by the russian federation, and not a tool to maximize income from investment activities, so rates on war government bonds remain fixed.