According to the latest data, in July, total credits commercial banks granted to the corporate sector and private persons increased by 4.6% to UAH 1,089.185 billion.
The National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.
In the year to date, banks' credits to the economy have increased by 4.3% from UAH 1,044.049 billion.
In July, hryvnia credits of banks to legal entities decreased by 0.4% to UAH 546.092 billion.
Foreign currency credits of banks to businesses increased by 21.2% to UAH 279.480 billion.
In July, credits of banks to the population decreased by 0.6% to UAH 235.171 billion.
Interest rates on hryvnia-denominated loans for businesses in July decreased by 0.5 p.p. to 17.8%, and for the population, they fell by 0.4 p.p. to 22.7%.
The interest rates for businesses on foreign currency-denominated loans made 4.5%.
As Ukrainian News Agency earlier reported, 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.
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