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Population Withdrew Foreign Currency Deposits From Banks And Opened New Hryvnia Deposits In May

According to operational data, the volume of funds placed by individuals in bank accounts in hryvnia and foreign currency remained almost unchanged in May.

This is evidenced by the data of the National Bank of Ukraine (NBU), Ukrainian News Agency reports.

Since the beginning of the current year, deposits of the population in banks have increased by 1.5% from UAH 926.488 billion.

Household hryvnia deposits in banks increased by 2% to UAH 608.244 billion in May.

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At the same time, the volume of foreign currency deposits of the population in hryvnia equivalent decreased by 3.5% to UAH 332.397 billion in the reporting month.

Deposits of legal entities (hryvnia and currency) in May increased by 3.6% to UAH 1,069.448 billion.

The average interest rate on hryvnia deposits (monthly average) in May for legal entities increased by 0.3 percentage point to 13.6%, for individuals - by 0.6 percentage point to 11.9%.

The interest rate on currency deposits for legal entities was 0.7%, for the population - 0.9%.

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As Ukrainian News Agency earlier reported, in 2022, public deposits in banks increased by 29.3% from UAH 719.418 billion.

In 2021, population deposits in banks increased by 6.8% from UAH 674.718 billion to UAH 720.932 billion.

In 2020, population deposits in banks increased by 24.5% from UAH 542.302 billion.

The NBU decided to strengthen the incentives for banks to attract household deposits in hryvnia.

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