Economy 2024-07-15T05:43:31+03:00
Ukrainian news
Banks' Credits To Economy Down 0.7% To UAH 1,083.4 Billion In August

Banks' Credits To Economy Down 0.7% To UAH 1,083.4 Billion In August

Ukraine, NBU, bank, credits, banks' credits to economy

According to the latest data, in August, total credits commercial banks granted to the corporate sector and private persons decreased by 0.7% to UAH 1,083.408 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 3.8% from UAH 1,044.049 billion.

In August, hryvnia credits of banks to legal entities decreased by 0.2% to UAH 544.466 billion.

Foreign currency credits of banks to businesses decreased by 1% to UAH 276.591 billion.

In August, credits of banks to the population decreased by 1.4% to UAH 233.928 billion.

Interest rates on hryvnia-denominated loans for businesses in August increased by 2.4 p.p. to 20.2%, and for the population, they fell by 0.4 p.p. to 23.1%.

The interest rates for businesses on foreign currency-denominated loans made 4.9%.

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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