By KYIV. Nov 9 (Interfax-Ukraine) – The money supply in Ukraine (M3), after growing by 0.8% in September, added another 2.3% in October, or UAH 52.6 billion, to UAH 2.330 trillion, the National Bank of Ukraine (NBU) said in a statement on Wednesday.
According to his data, deposits over the past month increased by 3.1%, or by UAH 51.4 billion, to UAH 1.704 trillion.
In particular, hryvnia deposits increased by 2.9%, or by UAH 30.6 billion, to UAH 1.093 trillion, while foreign currency deposits (in hryvnia equivalent) – by 3.5%, or by 20.9 UAH billion, to UAH 610.9 billion.
The growth of foreign currency deposits occurred for the first time in three months, the last time they jumped in July by 24.6%, but then the main reason was the devaluation of the official hryvnia exchange rate by 25%.
The NBU indicates that the monetary base (reserve funds) after a 1.8% reduction in September, lost another 0.8% in October, or UAH 6.1 billion, to UAH 734.4 billion.
At the same time, off-bank cash (M0) over the past month increased by 0.1%, or by UAH 0.7 billion, to UAH 624.0 billion after a decrease of 0.4% in August and 2.7% in September.
Reserve money of banks, which jumped in August by 36.3% and added another 3.3% in September, decreased in October by 5.9%, or by UAH 6.9 billion, to UAH 110.3 billion.
Over the past month, banks increased investments in deposit certificates from UAH 257.7 billion to record UAH 320.1 billion, while funds in correspondent accounts increased from UAH 63.6 billion to UAH 67.4 billion, and cash at the box office fell from UAH 53.6 billion to UAH 42.9 billion, with required reserves remaining at about UAH 66.5 billion.
The volume of loans, after declining by 0.7% in August and 1.5% in September, fell by another 1.3%, or UAH 13.6 billion, to UAH 1.036 trillion. At the same time, the relative reduction in hryvnia and foreign currency loans was the same, and in absolute terms, hryvnia loans decreased by UAH 9.8 billion, to UAH 747.8 billion, while foreign currency loans decreased by UAH 3.8 billion, to UAH 288.2 billion.
In general, over the ten months of this year, the money supply in Ukraine increased by 12.5%, the base by 10.8%, and off-bank cash by 7.4%.
Deposits in hryvnia for January-October increased by 7.7%, while in foreign currency (in hryvnia equivalent) by 28.8%.
Hryvnia loans increased by 1.4% over ten months, while foreign currency loans decreased by 1.1%.
