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.