According to the NBU, in March the portfolio of hryvnia deposits of banks grew at a faster pace.
In March 2017, the money supply increased by 1.3% to 1074,1 billion, which is primarily due to the growth in balances on deposits in national currency (by 3.4%). This is evidenced by the preliminary data of the “Monetary statistics” for March of 2017, the press service of the National Bank of Ukraine (NBU).
According to the NBU, the balances of deposits of the corporate sector for the month increased by 3.7%, including in national currency – by 4.7%. The balances of deposits business in foreign currency (in dollar equivalent) by the end of March rose by 2.4%.
Balances of household deposits in March rose more slowly, the national Bank noted. The portfolio of hryvnia deposits of the population increased by 1.9%, in foreign currency (in dollar equivalent) – there was a slight decline of 0.7%.
“The growth of deposits in national currency, including caused by preservation of attractive Deposit products of banks in further strengthening of the hryvnia,” – noted in the comments of the NBU.
The balances of the loans granted by banks in national currency increased in March by 0.7%. The increase in hryvnia loans to corporate sector by 0.4% could reflect a seasonal increase of the needs of enterprises for working capital. Also increased the demand for credit and households, including on the background of a moderate decline in their value, noted in the NBU. The balances of loans provided to households in national currency increased by 2.3%.
The portfolio of loans the banking sector extended in foreign currency (in dollar equivalent), at the end of the month, continued to decline (by 2.1%).
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