"The total portfolio of corporate loans of banks in the real sector almost did not change in May. At the same time, corporate loans in hryvnia increased by 2.7% (+UAH 11.8 billion) in May, which partially balanced the impact of decrease in corporate loans in foreign currency (-4.3% or - UAH 16.0 billion in equivalent),” wrote Danylyshyn.
He noted that similar changes were observed in household lending in May, the hryvnia loan portfolio increased by 3.2% (by UAH 5.8 billion), in foreign currency - decreased by 2.5% (by UAH 0.7 billion in equivalent) due to the probable settlement of non-performing loans of households in foreign currency.
The increase in the corporate loan portfolio of banks in May was mostly due to the implementation of the government program “Affordable Loans at 5-7-9%” under which the volume of loans provided by banks rose by UAH 8 billion in May.
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