2022-11-11T18:27:00+02:00 Economy 2023-11-15T04:50:36+02:00

Ukrainian news

Ukrainian news

Banks' Credits To Economy Down 1.3% To UAH 1,054.1 Billion In October

Banks' Credits To Economy Down 1.3% To UAH 1,054.1 Billion In October

According to the latest data of the National Bank of Ukraine, in October, total credits commercial banks granted to the corporate sector and private persons decreased by 1.3% to UAH 1,054.081 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 1% from UAH 1,044.049 billion.

In October, hryvnia credits of banks to legal entities decreased by 0.9% to UAH 535.247 billion.

Foreign currency credits of banks to businesses decreased by 1.4% to UAH 265.743 billion.

In October, credits of banks to the population decreased by 1.8% to UAH 226.709 billion.

Interest rates on hryvnia-denominated loans for businesses in October decreased by 0.1 p.p. to 19.7%, and for the population, they rose by 1.6 p.p. to 37.8%.

The interest rates for businesses on foreign currency-denominated loans made 6% (0.5 p.p.).

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.