Banks stimulate lending, and this is an important evidence of economic recovery, the National Bank said.
According to the results of the second quarter, the net retail Hryvnia loan portfolio of Ukrainian banks grew for the first time since the beginning of a full-scale war – by 4.5%. This was announced by the National Bank on Wednesday, August 16.
function news4610398() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4610398&lang=2&IsAjax=true’, function (data) { $(‘#nk4610398’).html(data); });
}
news4610398();
It was noted that volumes increased primarily as a result of the continuation of card lending.
“The volume of mortgage lending also increased by 2.7% due to the issuance of loans under the program. єOselya. The net Hryvnia corporate loan portfolio was still decreasing in the first two months of the second quarter, but in June it slightly increased – for the first time in the last 12 months.
At the same time, the share of non-performing loans to individuals decreased by 2% in the second quarter for the first time since the implementation of martial law, including due to the write-off of non-performing loans. At the same time, it increased by 0.4% for business loans.
Interest rates on loans to individuals decreased slightly in the quarter – up to 28.5% per annum, and on business loans – fluctuated at a level of approximately 20% per annum.
“Banks are reviving lending, which is an important indicator of economic recovery. The decline in the portfolio of business loans in the system has stopped, and the volume of retail loans has even increased – as thanks to the government program єOselya, and through the banks’ own credit program. It is too early to talk about a permanent trend, but the expectations of economic agents and consumer sentiment of the population are improving,” said the First Deputy Chairman of the NBU Ekaterina Rozhkova.
Earlier, the NBU announced the income of Ukrainian banks for six months. As of July 1, only eight banks out of 65 solvent financial institutions were unprofitable.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.