2022-10-14T16:14:00+03:00 Economy 2024-09-15T06:25:03+03:00

Ukrainian news

Banks' Credits To Economy Down 1.5% To UAH 1,067.8 Billion In September

Banks' Credits To Economy Down 1.5% To UAH 1,067.8 Billion In September

According to the latest data of the National Bank of Ukraine, in September, total credits commercial banks granted to the corporate sector and private persons decreased by 1.5% to UAH 1,067.769 billion.

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

In the year to date, banks' credits to the economy have increased by 2.3% from UAH 1,044.049 billion.

In September, hryvnia credits of banks to legal entities decreased by 0.9% to UAH 539.764 billion.

Foreign currency credits of banks to businesses decreased by 2.3% to UAH 270.268 billion.

In September, credits of banks to the population decreased by 1.6% to UAH 230.637 billion.

Interest rates on hryvnia-denominated loans for businesses in September increased by 0.4 p.p. to 19.8%, and for the population, they rose by 13 p.p. to 36.1%.

The interest rates for businesses on foreign currency-denominated loans made 5.5%.

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.