Banks' credits to economy up 0.2% to UAH 999.7 billion in December

In December, total credits commercial banks granted to the corporate sector and private persons increased by 0.2% to UAH 997.684 billion.

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

In 2023, banks' credits to the economy decreased by 1% from UAH 1,007.648 billion.

In December, hryvnia credits of banks to legal entities increased by 0.1% to UAH 516.425 billion.

In December, foreign currency credits of banks to businesses increased by 2.4% to UAH 241.078 billion.

In December, credits of banks to the population decreased by 2.1% to UAH 221.832 billion.

Interest rates on hryvnia-denominated loans for businesses in December decreased by 0.2 percentage point to 17.5%, and for the population, they rose by 0.2 p.p. to 33.7%.

The interest rates for businesses on foreign currency-denominated loans made 6.4%.

As Ukrainian News Agency earlier reported, in November, total credits commercial banks granted to the corporate sector and private persons increased by 1.6% to UAH 995.231 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.