Population’s deposits with banks up 1.1% to UAH 977.4 billion in August

In August, according to the latest data, the amount of funds deposited by individuals in hryvnias and foreign currency with banks increased by 1.1% to UAH 977.362 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 5.5% from UAH 926.488 billion.

In August, the hryvnia deposits with commercial banks rose by 1.4% to UAH 648.340 billion.

In August, the foreign currency deposits of the population in the hryvnia equivalent increased by 0.6% to UAH 329.022 billion.

In August, deposits of legal entities with Ukrainian commercial banks (both in the hryvnia and foreign currency) decreased by 1.1% to UAH 1,128.603 billion.

The average interest rate on hryvnia deposits (average monthly) in August for legal entities decreased by 1 p.p. to 13.4%, and for individuals it fell by 0.5 p.p. to 12.2%.

The rate on foreign currency deposits for legal entities made 0.7%, and 1.2% for the population.

As the Ukrainian News Agency earlier reported, in July, the amount of funds deposited by individuals in hryvnias and foreign currency with banks increased by 0.6% to UAH 968.190 billion.

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.