Thursday, July 25
Ukrainians prefer foreign currency savings despite the interest growth rate on hryvnia deposits.
Wednesday, February 22, 2023
![Ukrainians prefer foreign currency savings despite the interest growth rate on hryvnia deposits.](https://ubn.news/wp-content/uploads/2023/02/hq_saving-1-456x304.jpeg)
![Ukrainians prefer foreign currency savings despite the interest growth rate on hryvnia deposits.](https://ubn.news/wp-content/uploads/2023/02/hq_saving-1-456x304.jpeg)
The yield on bank deposits has grown for the hryvnia in recent months. And in January, according to the NBU, hryvnia deposit interest rates rose by 0.1% up to 12.2% per annum. Foreign currency deposits were stable and offered 0.6% per annum. In January, the foreign currency deposit portfolio in the banking system increased by (2.6%) and amounted to $9.4B (UAH 342.5B). And the hryvnia portfolio decreased by 2% and amounted to UAH 581B. According to the National Bank of Ukraine, citing the profound economic impact of the war with Russia, since 2022 the hryvnia has devalued by 25%.