Population’s Deposits With Banks Up 0.5% To UAH 942.5 Billion In April

As of May 1, according to the latest data, the amount of funds deposited by individuals in hryvnias and foreign currency with banks increased by 0.5% month over month to UAH 942.541 billion.

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

In the year to date, the funds deposited by individuals on accounts of commercial banks have risen by 1.7% from UAH 926.488 billion.

In April, the hryvnia deposits with commercial banks rose by 1.5% to UAH 598.088 billion.

In April, the foreign currency deposits of the population in the hryvnia equivalent decreased by 1.1% to UAH 344.453 billion.

In April, deposits of legal entities with Ukrainian commercial banks (both in the hryvnia and foreign currency) increased by 4.3% to UAH 1,031.804 billion.

The average interest rate on hryvnia deposits (average monthly) in April for legal entities decreased by 0.1 p.p. to 13.3%, and for individuals it fell by 0.1 p.p. to 11.3%.

The rate on foreign currency deposits for legal entities made 0.4%, and 0.8% for the population.

As the Ukrainian News Agency earlier reported, in 2022, population’s deposits with banks increased by 29.3% from UAH 719.418 billion.

In 2021, population’s deposits with banks increased by 6.8% from UAH 674.718 billion to UAH 720.932 billion.

In 2020, population’s deposits with banks increased by 24.5% from UAH 542.302 billion.