By KYIV. Sept 15 (Interfax-Ukraine) – The average rate of new hryvnia deposits issued in August for households decreased immediately by 0.5 percentage points (p.p.) – to 12.2% per annum after an increase in July by 0.7 p.p., and in in the corporate sector it fell by 1 percentage point – to 13.4% after an increase of 0.2 percentage points a month earlier.
According to the National Bank of Ukraine (NBU), such a significant decrease in deposit rates has been recorded for the first time since May last year, when the central bank sharply increased the discount rate to 25% per annum, lowering it to 22% only at the end of July.
As for foreign currency deposits, for individuals the rate on them added another 0.1 percentage points and over six months of such a uniform increase it reached 1.2%, while for legal entities it remained at the level of 0.7% per annum.
According to the NBU, the rate on hryvnia loans to households in July decreased by 0.3 percentage points – to 34.7% per annum, while in foreign exchange it fell immediately from 4.9% to 1.9%.
As for the corporate sector, the average rate of hryvnia loans issued in August decreased by 0.6 percentage points – to 19.1%, while in foreign exchange it, as in July, increased by another 0.2 percentage points – to 6.5%, almost returning to the level of two months ago.
As for the volume of deposits, for the first time in several months the gap between the deposits of legal entities and individuals began to decrease: in August, legal entities reduced them by UAH 13.3 billion – to UAH 1.129 trillion, while individuals increased them by UAH 10.8 billion – to UAH 977.4 billion.
In particular, hryvnia deposits of legal entities over the past month decreased by 1.3% – to UAH 770.3 billion, and foreign currency deposits – by 1.2%, to UAH 358.3 billion.
For individuals, deposits in hryvnia increased by 1.2%, or UAH 7.9 billion, to UAH 648.3 billion, while in foreign currency they increased by 0.6%, to UAH 329 billion.
The total loan portfolio continued the slow growth that began in July and reached UAH 969.6 billion compared to UAH 960.3 billion in July.
In particular, hryvnia loans to the corporate sector increased by UAH 3.5 billion, to UAH 500.2 billion, while foreign currency loans increased by UAH 1.2 billion, to UAH 234.2 billion.
Consumer loans in national currency in August increased by UAH 4.6 billion, to UAH 202.4 billion, while foreign currency loans decreased by UAH 100 million, to UAH 12.6 billion.
