Population’s deposits with banks up 1.3% to UAH 1,079.4 billion in March

According to the latest data, the amount of funds placed by individuals in bank accounts in hryvnia and foreign currency increased by 1.3% in March to a record UAH 1,079.397 billion.

This follows from a statement by the National Bank of Ukraine (NBU), the Ukrainian News Agency reports.

Since the beginning of the current year, deposits of the population in banks have increased by 0.1% from UAH 1,078.346 billion.

Hryvnia deposits of the population in banks increased by 0.5% to UAH 709.222 billion in March.

At the same time, the volume of foreign currency deposits of the population in the hryvnia equivalent increased by 2.8% to UAH 370.175 billion in the reporting month.

Deposits of legal entities (hryvnia and currency) in March increased by 2.8% to UAH 1,312.701 billion.

The average interest rate on hryvnia deposits (monthly average) for legal entities decreased by 0.2 percentage point in March to 9.6%; for individuals, it fell by 0.1 p.p. to 11.3%.

The rate on foreign currency deposits for legal entities was 0.8%, for the population – 1%.

As the Ukrainian News Agency earlier reported, in 2023, population’s deposits in banks increased by 16.5% from UAH 926.488 billion.

In 2022, population’s deposits in banks increased by 29.3% from UAH 719.418 billion.

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

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