The money supply in Ukraine (aggregate M3) increased by 1.4% in June, or by UAH 30.5 billion, to UAH 2 trillion 151.6 billion after a decrease by 0.1% in May and growth by 2.4% and 2.6% respectively in April and March, the National Bank of Ukraine (NBU) reported.
According to his data, deposits over the past month increased by 2.4%, or by UAH 35.1 billion – up to UAH 1 trillion 520.2 billion, while in May their volume increased by only 0.3% after an increase of 3. 2-3.6% in April-March.
Unlike previous months, this happened both due to hryvnia deposits, which increased by 1.8%, or by UAH 18.9 billion – up to UAH 1 trillion 39.8 billion, and due to foreign currency deposits, which increased by 3.5% , or by UAH 16.2 billion – up to UAH 480.4 billion.
In May, hryvnia deposits decreased by 0.2%, while foreign currency deposits increased by 1.4%, while in April and March, hryvnia deposits grew rapidly – by 4.7% and 7.5%, respectively.
The NBU indicates that the monetary base (reserve funds) in June decreased by 1.3%, or by UAH 9.6 billion, to UAH 729.4 billion, after a slight increase of 0.4% in May.
At the same time, cash in circulation outside banks (M0) over the past month decreased by 0.8% (in May – by 0.9%), or by UAH 5 billion – to UAH 629.4 billion.
Reserve money of banks, which grew by 8.8% in May, decreased by 4.4% in June to UAH 100 billion.
Over the past month, banks increased investments in certificates of deposit from UAH 163.4 billion to UAH 189.4 billion, slightly reducing funds on correspondent accounts – from UAH 57.3 billion to UAH 56 billion and cash at the box office – from UAH 47.3 billion to UAH 44 billion
The volume of loans after an increase in May by 0.8% in June decreased by 1.3%, or by UAH 13.7 billion, to UAH 1 trillion 26.9 million. At the same time, as a month earlier, both hryvnia loans decreased by 1%, or by UAH 7.5 billion, to UAH 777.4 billion, and foreign currency loans, by 2.4%, or by UAH 6.2 billion. up to UAH 249.5 billion
In general, over the first half of this year, the money supply in Ukraine increased by 3.9%, the base – by 10.1%, cash outside banks – by 8.3%.
Deposits in hryvnia for January-June increased by 2.5%, in foreign currency – by 1.3%. Hryvnia loans increased by 5.4%, while foreign currency loans fell by 14.4%.
As reported, the money supply in Ukraine in 2021 increased by 12%, the base – by 11.2%, cash outside banks – by 12.5%.
The deposit portfolio of banks last year grew by 11.9% due to a jump in hryvnia by 21.4%, while in foreign currency it decreased by 4.1%. The loan portfolio of banks in 2021 increased by 9% due to an increase in hryvnia loans by 23.7%, while foreign currency loans decreased by 16.2%.
