Deposit rates in foreign currency reach historic low - NBU

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub stated this in his speech at the VI Ukrainian Banking Forum on October 19, 2017, the NBU's press service reported on its Facebook page.

"Interest rates on deposits in foreign currency are at a historic low, while those in the hryvnia have reached the lowest level over the past six years, which will lead to the cheapening of loans. Historic lows on lending rates will also be updated in a year or one-and-a-half years," the statement reads.

Solohub also noted that consumer lending began to recover in 2017 and that today it was the segment with the greatest potential for growth due to low debt burden on the population. Today, in Ukraine, the ratio of net lending to GDP is at a historic low. New lending in the mortgage segment began to grow last year.

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