2024-03-14T13:47:00+02:00 Economy 2024-09-15T04:36:10+03:00

Ukrainian news

Banks' credits to economy up 0.2% to UAH 994.8 billion in February

Banks' credits to economy up 0.2% to UAH 994.8 billion in February

In February, total credits commercial banks granted to the corporate sector and private persons increased by 0.2% to UAH 994.777 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 0.3% from UAH 997.877 billion.

In February, hryvnia credits of banks to legal entities increased by 0.5% to UAH 514.759 billion.

In February, foreign currency credits of banks to businesses decreased by 1.1% to UAH 232.572 billion.

In February, credits of banks to the population increased by 1% to UAH 230.222 billion.

Interest rates on hryvnia-denominated loans for businesses in February decreased by 1.5 percentage points to 16.6%, and for the population, they fell by 0.1 p.p. to 34.5%.

The interest rates for businesses on foreign currency-denominated loans made 6.7%.

As Ukrainian News Agency earlier reported, in 2023, banks' credits to the economy decreased by 1% from UAH 1,007.648 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.