Banks' Credits To Economy Down 0.1% To UAH 1,046.1 Billion In April

According to the latest data, in April, total credits commercial banks granted to the corporate sector and private persons decreased by 0.1% to UAH 1,046.056 billion.

The National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.

In the year to date, banks' credits to the economy have increased by 0.2% from UAH 1,044.049 billion.

In April, hryvnia credits of banks to legal entities increased by 2.2% to UAH 531.954 billion.

Foreign currency credits of banks to businesses decreased by 2.9% to UAH 242.469 billion.

In April, credits of banks to the population decreased by 2.2% to UAH 244.761 billion.

Interest rates on hryvnia-denominated loans for businesses in April increased by 0.7 p.p. to 13.8%, and for the population, they rose by 5.8 p.p. to 26.5%.

The interest rates for businesses on foreign currency-denominated loans made 4.3%.

As Ukrainian News Agency earlier reported, in 2021, total credits commercial banks granted to the corporate sector and private persons increased by 10% from UAH 948.386 billion to UAH 1,043.694 billion.

In 2020, the volume of loans to the economy fell by 2.3% from UAH 971.871 billion.