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.
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