Banks' credits to economy up 0.4% to UAH 979.1 billion in October

According to the latest data of the National Bank of Ukraine, in October, total credits commercial banks granted to the corporate sector and private persons increased by 0.4% to UAH 979.141 billion.

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

In the year to date, banks' credits to the economy have decreased by 2.8% from UAH 1,007.648 billion.

In October, hryvnia credits of banks to legal entities decreased by 0.1% to UAH 508.610 billion.

In October, foreign currency credits of banks to businesses increased by 0.7% to UAH 232.496 billion.

In October, credits of banks to the population increased by 1.7% to UAH 219.053 billion.

Interest rates on hryvnia-denominated loans for businesses in October increased by 0.4 percentage point to 19%, and for the population, they rose by 0.2 p.p. to 34.8%.

The interest rates for businesses on foreign currency-denominated loans made 7% (+0.2 p.p.).

As Ukrainian News Agency earlier reported, in September, total credits commercial banks granted to the corporate sector and private persons increased by 0.5% to UAH 975.020 billion.

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

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.