Update on deposits volume sees 1.4% rise in hryvnia, 1.6% in U.S. dollars

The National Bank says the volume of bank deposits in the national currency in September to August grew by 3.4%, to UAH 745.6 billion, or US$26.4 billion, while that of bank deposits in foreign currency rose by 3.8%, to US$17.6 billion, estimated in the U.S. dollar equivalent.

Since the beginning of 2020, the volume of bank deposits in hryvnias has increased by 16.3%, while that of deposits in foreign currency has also grown by 21.8%, according to the National Bank.

Loans in Ukrainian banks

The amount due to be repaid on loans issued in hryvnias shrank by 0.6% in September, while there was a 0.7% decline in the amount in the nine months of 2020, to UAH 609.1 billion (US$21.6 billion), the regulator said.

Read alsoFour credit unions cease operations – National BankThe amount to be repaid on loans in foreign currency was 7.5% down in September. It has grown by 3.9% since January 1, 2020, to US$13.1 billion, estimated in the U.S. dollar equivalent.

Bank deposits in 2019

Deposits in the national currency in 2019 grew by 18.5%, to UAH 639.7 billion (US$22.6 billion).

Foreign currency deposits in 2019 expanded by 28.5%, to US$17.2 billion, estimated in the U.S. dollar equivalent.