Loans for Ukrainians have become more expensive, but the yield on deposits has not changed.

In October, the average interest rates on new bank loans in hryvnia amounted to 37.8% per annum. Interest rates increased by 1.6% compared to the previous month, reported the NBU. Interest rates on new consumer loans in foreign currency fell from 4.7% to 4.2% per annum. Interest rates on commercial hryvnia loans decreased from 19.8% to 19.7% per annum, and foreign currency loan rates increased from 5.5% to 6%. Bank credit portfolios decreased by 1.3% to UAH 1,054B. The average bank interest rate on new hryvnia consumer savings deposits amounted to 9.2% per annum. Compared to September, rates increased by 0.1%. Interest rates on new consumer savings accounts in foreign currency fell by 0.1%, up to 0.7%. Interest rates on commercial hryvnia savings accounts for enterprises fell from 9.3% to 9.2% per annum, and foreign currency account rates increased from 1.2% to 1.4% per annum.