This year, deposits in Ukraine are growing faster than loans, and bankers note growing saving accounts and confidence in banks on the part of Ukrainians.

Commenting on the latest financial trends in Ukraine during the recent War & Business conference, the chairman of the board of Piraeus Bank in Ukraine, Yannis Kyriakopoulos, noted that currently, there is an increase in working capital loans, a decrease in interest rates, and an increase in new offers from international financial institutions that combine loans with grants. The popularity of these products is growing.

At the same time, deposits have been growing faster than borrowing in the last seven months. This indicates a steady trend towards savings and citizens’ trust in banks.

“The stability of the Ukrainian financial sector is an example for the whole world, as well as its innovation and flexibility. Instant transfer of data to the cloud, uninterrupted operations in war conditions, and the NBU’s initiative to create banks for financial inclusion are just a few examples. All these are positive signals, which investors pay attention to before making investment decisions,” the head of Piraeus Bank in Ukraine pointed out.