In Ukraine, household loans have become more expensive, even though banks attract funds at lower rates.

In January 2025, Ukrainian banks raised their rates on household loans, according to operational data from the National Bank. Consequently, average interest rates on new bank loans to consumers in the national currency reached 35.1% annually, compared to 34.1% a month earlier. Simultaneously, banks lowered loan rates to enterprises in hryvnia from 15.8% to 14.4% annually. Banks’ consumer loan portfolio grew by 1.8% to ₴279B, while that for enterprises decreased by 0.7% to ₴813B.

Additionally, average interest rates on new deposits in hryvnia for households in January were 10.5% per year, 0.3 percentage points lower than the previous month. Rates on new deposits for households in foreign currency remained at 1%. Banks’ consumer deposit portfolio increased by 0.2% in January to ₴1.215T.