The NBU reported a decrease in the money supply in Ukraine

Money supply in Ukraine in January decreased by 3.3%, cash is 6.2%.

Money supply in Ukraine in January 2017 decreased by 3.3% – up to 1 trillion 66,1 billion, corresponding to preliminary data, “Monetary statistics,” published on the website of the National Bank of Ukraine (NBU).

According to the NBU, the corresponding dynamics was mainly due to the reduction in cash in circulation outside banks – 6.2%, to 294,997 billion.

The balances of deposits in January 2017 decreased by 1.8% to 779,463 billion UAH, including in the national currency – by 2.3% – up to 415,877 billion.

“A significant factor in the reduction in balances on deposits in January was made by the high base effect in December 2016, due to significant budget expenditures at the end of the year, including advance payment of pensions, as well as a record refund of value added tax funds”, – says the NBU.

The balances of deposits in foreign currency (in dollar equivalent) in January decreased by 1.8% to us $13,075 billion, the NBU clarifies that the calculation was the rate 27,12 UAH/$1.

Dynamics of banks ‘ credit activity in January 2017 continued to define the still high level of debt, especially among borrowers in the corporate sector. The limiting factor was made by a seasonal decline in business activity.

As a result, the corporate loan portfolio of banks in January 2017 decreased by 1.6% to 823,539 billion, including national currency – by 0.8%, to 425,655 billion.

At the same time, there was a growth of balances on Bank loans provided to households – by 0.3%, to 160,460 billion, due to the increase in the loan portfolio in national currency by 1.6 percent to 75,736 billion.

The national Bank explained the reasons for the January inflation
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Overall, over the month, balances of loans in national currency decreased by 0.4%, in foreign currency (in dollar equivalent) – 2%.

The national Bank also reports that in January, after modest growth in December, there has been a reduction in the cost of loans to corporate sector in national currency.

In the past 12 months, the value of credits in national currency decreased by 4.5 percentage points to 14.9% per annum.Go to the Main page

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