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The Lending Rate on Corporate Loans Continues to Decline

12 July 2017

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 July 12, 2017
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The Lending Rate on Corporate Loans Continues to Decline

In June, the money supply expanded by 1.3%  to UAH 1,103.1 billion, driven by a increase in cash outside banks (by 2.4%) and the stock of domestic currency deposits  (by 2.0% mom), according to preliminary monetary statistics data for June 2017.

In June, the bank’s loan portfolio in domestic currency increased by 1.8% mom. The stock of corporate loans in domestic currency increased by 1.9% mom, while that of retail loans went up by 1.3% mom.

In June, the hryvnia deposit portfolio rose by 2.0% mom, with corporate deposits  increasing by 0.8% and retail deposits up by 3.3%.

In June, interest rates on corporate loans continued to trend downwards. In particular, interest rates on corporate loans in domestic currency went down by 1 percentage point mom and by 3.6 percentage points year-to-date, bringing the annual growth rate down to 13.1%.

NBU

 

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