Ukrainians have increased their bank savings over the years.
In 2024, hryvnia bank deposits increased by 15.8% (+₴257B) to ₴1.885T, and deposits in foreign currency increased by 4.2% (+$0.8B) to $20.1B, said Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance.
According to him, bank deposits continued to grow last year, although at half the pace seen in 2023. This is partly due to a reduction in interest rates for new deposits and a decrease in their profitability, partly to a higher average rate of hryvnia devaluation during the year. The average rate on new retail deposits in hryvnia decreased to 10.8% (from 11.7% in 2023), and on corporate deposits to 9% (from 12.4% in 2023).
“At the same time, most of the growth in hryvnia deposits was achieved in December, primarily due to deposits from enterprises,” the specialist noted.
According to last year’s results, the Ukrainian deposit portfolio has the following structure: in hryvnia, 57.8% commercial and 42.2% consumer, in foreign currency, 50.4% commercial and 49.6% consumer.