According to the latest data of the National Bank of Ukraine, in January, total credits commercial banks granted to the corporate sector and private persons decreased by 0.7% to UAH 1,000.321 billion.
The National Bank announced this in a statement, Ukrainian News Agency reports.
In 2022, banks' credits to the economy decreased by 3.5% from UAH 1,044.049 billion.
In January, hryvnia credits of banks to legal entities decreased by 1% to UAH 514.829 billion.
Foreign currency credits of banks to businesses decreased by 0.6% to UAH 251.251 billion.
In January, credits of banks to the population remained at the level of UAH 210 billion.
Interest rates on hryvnia-denominated loans for businesses in January decreased by 0.6 p.p. to 19.5%, and for the population, they increased by 0.6 p.p. to 35.7%.
The interest rates for businesses on foreign currency-denominated loans made 5.9% (-0.7 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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