The yield on deposits and loan rates in Ukraine have increased.

Monday, March 13, 2023
The yield on deposits and loan rates in Ukraine have increased.

In February 2023 average bank interest rate on new hryvnia deposits increased to 10.8% per annum from 10.6% a month earlier. According to the NBU, rates on new deposits in foreign currency for Ukrainians did not change and amounted to 0.6%. The interest rate on hryvnia deposits for enterprises increased from 10.8% to 12.1% per annum, and on foreign currency, the deposit interest rate fell from 0.9% to 0.6% per annum. Bank deposit portfolios increased by 2% to UAH 1,952B in February. The average interest rate on new private loans in hryvnias amounted to 36% per annum, 0.3% more than in January. The interest rate on new private loans in foreign currency fell from 7.2% to 5.1% per annum. The interest rate on commercial hryvnia loans increased from 19.5% to 20.5% per annum, and in foreign currency increased from 5.9% to 5.5%. Banks’ loan portfolios decreased by 1.3% to UAH 987B.

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