“At the beginning of the year, there was a traditional decrease in the stock of deposits in the banking system. In January 2018, the total stock of deposits in the national currency on solvent banks’ accounts declined by 3.0% to UAH 475.4 billion," reads the report.
The NBU explained that this was primarily due to a decrease in corporate hryvnia deposits (by 4.9% per month). The remains of hryvnia household deposits decreased less significantly (by 0.8% per month).
The stock of hryvnia credits at the end of January remained at the level of the year’s start and totaled UAH 571.6 billion. A slight decrease in the stock of corporate credits was compensated by an increase in the number of credits to the population. In particular, the stock of household hryvnia credits rose by 3.9% in January 2018, primarily due to consumer credits, the NBU stated.
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