According to the latest data of the National Bank of Ukraine, in February, total credits commercial banks granted to the corporate sector and private persons decreased by 1.3% to UAH 987.360 billion.
The National Bank announced this in a statement, Ukrainian News Agency reports.
In the year to date, banks' credits to the economy have decreased by 2% from UAH 1,007.648 billion.
In February, hryvnia credits of banks to legal entities decreased by 0.2% to UAH 513.613 billion.
Foreign currency credits of banks to businesses decreased by 3.2% to UAH 243.125 billion.
In February, credits of banks to the population decreased by 1.5% to UAH 207.143 billion.
Interest rates on hryvnia-denominated loans for businesses in February increased by 1 p.p. to 20.5%, and for the population, they rose by 0.3 p.p. to 36%.
The interest rates for businesses on foreign currency-denominated loans made 5.5% (-0.4 p.p.).
As Ukrainian News Agency earlier reported, in 2022, banks' credits to the economy decreased by 3.5% from UAH 1,044.049 billion.
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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