According to the latest data of the National Bank of Ukraine, in April, total credits commercial banks granted to the corporate sector and private persons decreased by 1% to UAH 963.363 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 4.4% from UAH 1,007.648 billion.
In April, hryvnia credits of banks to legal entities decreased by 1.5% to UAH 497.460 billion.
In April, foreign currency credits of banks to businesses decreased by 0.5% to UAH 239.019 billion.
In April, credits of banks to the population decreased by 0.4% to UAH 204.870 billion.
Interest rates on hryvnia-denominated loans for businesses in April remained at 20.2%, and for the population, they fell by 0.3 p.p. to 36.1%.
The interest rates for businesses on foreign currency-denominated loans made 6.8% (+0.6 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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