2022-08-16T15:50:00+03:00 Economy 2024-09-15T06:51:50+03:00

Ukrainian news

Banks' Credits To Economy Up 4.6% To UAH 1,089.2 Billion In July

Banks' Credits To Economy Up 4.6% To UAH 1,089.2 Billion In July

According to the latest data, in July, total credits commercial banks granted to the corporate sector and private persons increased by 4.6% to UAH 1,089.185 billion.

The National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.

In the year to date, banks' credits to the economy have increased by 4.3% from UAH 1,044.049 billion.

In July, hryvnia credits of banks to legal entities decreased by 0.4% to UAH 546.092 billion.

Foreign currency credits of banks to businesses increased by 21.2% to UAH 279.480 billion.

In July, credits of banks to the population decreased by 0.6% to UAH 235.171 billion.

Interest rates on hryvnia-denominated loans for businesses in July decreased by 0.5 p.p. to 17.8%, and for the population, they fell by 0.4 p.p. to 22.7%.

The interest rates for businesses on foreign currency-denominated loans made 4.5%.

As Ukrainian News Agency earlier reported, 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.