According to the latest data of the National Bank of Ukraine, in May, total credits commercial banks granted to the corporate sector and private persons decreased by 0.9% to UAH 955.251 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 5.2% from UAH 1,007.648 billion.
In May, hryvnia credits of banks to legal entities decreased by 0.8% to UAH 493.367 billion.
In May, foreign currency credits of banks to businesses decreased by 2.6% to UAH 232.822 billion.
In May, credits of banks to the population increased by 1.2% to UAH 207.825 billion.
Interest rates on hryvnia-denominated loans for businesses in May increased by 0.2% to 20.4%, and for the population, they fell by 0.1 p.p. to 36.0%.
The interest rates for businesses on foreign currency-denominated loans made 6.7% (-0.1 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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