Economy 2024-02-15T05:05:52+02:00
Ukrainian news
Banks' Credits To Economy Down 1.5% To UAH 1,067.8 Billion In September

Banks' Credits To Economy Down 1.5% To UAH 1,067.8 Billion In September

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According to the latest data of the National Bank of Ukraine, in September, total credits commercial banks granted to the corporate sector and private persons decreased by 1.5% to UAH 1,067.769 billion.

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

In the year to date, banks' credits to the economy have increased by 2.3% from UAH 1,044.049 billion.

In September, hryvnia credits of banks to legal entities decreased by 0.9% to UAH 539.764 billion.

Foreign currency credits of banks to businesses decreased by 2.3% to UAH 270.268 billion.

In September, credits of banks to the population decreased by 1.6% to UAH 230.637 billion.

Interest rates on hryvnia-denominated loans for businesses in September increased by 0.4 p.p. to 19.8%, and for the population, they rose by 13 p.p. to 36.1%.

The interest rates for businesses on foreign currency-denominated loans made 5.5%.

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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