The yield on deposits fell, and loans in the national currency became cheaper.

The average rate in August for new consumer hryvnia deposits decreased to 12.2% per annum and for businesses to 13.4%, according to data from the National Bank. At the same time, the average interest rate on currency deposits increased to 1.2% per annum, while for commercial entities, it remained at 0.7%.

At the same time, the average interest rate for hryvnia consumer loans decreased to 34.7% per annum in August, and for foreign currency loans, it immediately fell from 4.9% to 1.9%. The average rate of hryvnia business loans issued in August decreased to 19.1%, although it increased to 6.5% for foreign currency loans. In

August, commercial deposits decreased by UAH 13.3B to UAH 1.128T, while consumer deposits increased by UAH 10.8B to UAH 977.4B. Banks’ total loan portfolios reached UAH 969.6B.