In the second quarter, due to the NBU’s measures, banks will continue to increase interest rates on time deposits. According to the bank, on average, the return on a three-month individual deposits increased by 1.6 percentage points to 14%. The rate for12-month hryvnia deposits in the second quarter increased by 1.3 percentage points to 15.2% per annum. Commercial rates also increased, to 14.1% per annum.
The regulator notes the trend toward the country’s lending recovery, which indicates the economy’s recovery. Thus, the retail loan portfolio in the second quarter increased for the first time since the beginning of the full-scale invasion, by 4.5%. Mortgage lending volume also increased as a result of the eOselya program. The commercial portfolio decreased in April and May but increased in June. During the second quarter, interest rates on personal loans decreased slightly to 28.5% per annum, and on business loans, they fluctuated at about 20% per annum.