Banks' Credits To Economy Down 3.8% To UAH 1,007.7 Billion In December

According to the latest data of the National Bank of Ukraine, in December, total credits commercial banks granted to the corporate sector and private persons decreased by 3.8% to UAH 1,007.745 billion.

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

In 2022, banks' credits to the economy decreased by 3.5% from UAH 1,044.049 billion.

In December, hryvnia credits of banks to legal entities decreased by 1.8% to UAH 520.554 billion.

Foreign currency credits of banks to businesses decreased by 5% to UAH 252.730 billion.

In December, credits of banks to the population decreased by 7.1% to UAH 209.644 billion.

Interest rates on hryvnia-denominated loans for businesses in December decreased by 0.7 p.p. to 20.1%, and for the population, they remained at 35.1%.

The interest rates for businesses on foreign currency-denominated loans made 5.2% (-0.2 p.p.).

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.