According to the latest data of the National Bank of Ukraine, in October, total credits commercial banks granted to the corporate sector and private persons increased by 0.4% to UAH 979.141 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 2.8% from UAH 1,007.648 billion.
In October, hryvnia credits of banks to legal entities decreased by 0.1% to UAH 508.610 billion.
In October, foreign currency credits of banks to businesses increased by 0.7% to UAH 232.496 billion.
In October, credits of banks to the population increased by 1.7% to UAH 219.053 billion.
Interest rates on hryvnia-denominated loans for businesses in October increased by 0.4 percentage point to 19%, and for the population, they rose by 0.2 p.p. to 34.8%.
The interest rates for businesses on foreign currency-denominated loans made 7% (+0.2 p.p.).
As Ukrainian News Agency earlier reported, in September, total credits commercial banks granted to the corporate sector and private persons increased by 0.5% to UAH 975.020 billion.
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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