How much do loans for businesses and individuals cost in Ukraine?

In November 2024, banks reduced loan rates, according to data from the National Bank of Ukraine. The average interest rate on new bank loans to individuals in the national currency were 33.8% per annum, decreasing from 34% a month ago. Rates on loans to enterprises in hryvnia also declined, from 15.4% to 14.4% per annum. Banks’ consumer loan portfolios increased by 1.7% to ₴277B, for enterprises by 1.6% to ₴831B.

Deputy Chairman of the NBU Kateryna Rozhkova noted that the general economic situation in Ukraine contributes to the development of market lending, and the average loan rate is affordable for businesses and fluctuates around 15-16%.

“Such rates are acceptable for business, so more and more loans are being provided outside the state program 5-7-9%. Accordingly, the share of loans with state support has decreased from more than 40 to 34%,” Rozhkova emphasized. Today, banks are liquid and sufficiently capitalized, which allows financial institutions to offer affordable loans.