The money supply (aggregate M3) in Ukraine after growth in June by 2.6% in July added another 2.2%, or UAH 59.5 billion, and reached UAH 2 trillion 788.4 billion, the National Bank said.
According to data on its website, deposit growth in the seventh month of this year slowed to 2.3% from 2.8% in June and was again provided mainly by hryvnia deposits, which, after rising by 3.7% in June, increased by another 3.3% or UAH 45.7 billion in July to UAH 1 trillion 420.2 billion.
Foreign currency deposits, which grew by UAH 6.7 billion in June, increased by only UAH 1.2 billion, or 0.2%, to UAH 690.3 billion (in hryvnia equivalent) in July.
Money in circulation outside banks (M0), after growing by 2.3% in June, added another 1.9% in July to UAH 677.0 billion, exceeding the level of the beginning of this year (UAH 666.1 billion).
The growth of the monetary base (reserve funds) after slowing down in June to 1.6% in July accelerated to 3.9%, amounting to UAH 35.6 billion – up to UAH 943.0 billion. Such dynamics is associated with an increase in July by 9.4%, or by UAH 22.9 billion, in banks’ reserve funds – up to UAH 266.0 billion and by 3.3%, or by UAH 15.7 billion in certificates of deposit – up to UAH 494.6 billion.
The volume of all loans in July increased for the first time in the last 12 months – by 0.5%, or UAH 4.8 billion – to UAH 943.0 billion. In particular, hryvnia loans increased by 0.4% or UAH 2.9 billion to UAH 697.4 billion, while foreign currency loans increased by 0.8% or UAH 1.9 billion to UAH 2457 billion.
Overall, in the first seven months of this year, money supply increased by 11.5%, base – by 19.0%, while money in circulation outside banks – by 1.6%.
Deposits increased by 15.1%, including hryvnia deposits – by 17.9%, foreign currency deposits – by 9.5%, while loans decreased by 4.7%, including hryvnia deposits – by 3.7%, foreign currency deposits – by 7.6%.
As reported, the money supply in Ukraine in 2022 after growth by 12% in 2021 increased by another 21%, or by UAH 435.2 billion.
Deposits for the past year increased by 23.6%, or by UAH 350.8 billion, including hryvnia deposits – by 19.1%, or by UAH 193.9 billion, while foreign currency deposits (in hryvnia equivalent) – by 33.1%, or by UAH 156.9 billion.
The monetary base in 2022 increased by 19.6% compared to 11.2% a year earlier. At the same time, money in circulation outside banks increased by 14.6%, or by UAH 85.1 billion over the year.
The volume of loans in 2022 decreased by 3.8%, or by UAH 39.1 billion. At the same time, hryvnia loans decreased by UAH 13.4 bln, while foreign currency loans decreased by UAH 25.7 bln.
The IMF in the updated in late June materials on the EFF program forecasts growth of the monetary base this year by 25.3%, mass – by 22.0% and reduction of loans to the non-government sector by 12.5%.
The National Bank in its forecast updated at the end of July expects the monetary base to increase by 24.1% this year, the mass – by 19.2%.
Money supply (aggregate M3) in Ukraine after growth in May by 1.6% in June added another 2.6%, or by UAH 70.1 billion and reached UAH 2 trillion 729.95 billion, the National Bank said.
According to the data on its website, deposit growth in the sixth month of this year accelerated to 2.8% from 1.9% in May and was provided mainly by hryvnia deposits, which, after growing by 3.2% in May, increased by another 3.7%, or UAH 48.7 billion, to UAH 1 trillion 376.1 billion in June.
Foreign currency deposits, which decreased by 0.6 billion in May, grew by UAH 6.7 billion, or 1.0%, to UAH 688.6 billion (in hryvnia equivalent) in June.
Money in circulation outside banks (M0), after increasing by 0.7% in May, added another 2.3% to UAH 664.2 billion in June, almost returning to the level of the beginning of this year.
The growth of monetary base (reserve funds) after acceleration in May to 3.1% in June slowed down to 1.6%, amounting to UAH 14.0 bln – to UAH 907.5 bln. Such dynamics is associated with the absence of an increase in reserve requirements in June.
In addition, cash in banks’ cash offices increased slightly – by UAH 1.1 bln, to UAH 46.7 mln.
Investments in certificates of deposit, which decreased by UAH 1 billion in May, jumped by UAH 51.5 billion, or 12%, to UAH 478.9 billion in June.
The volume of hryvnia loans in June increased for the first time since May 2022 – so far only by 0.2%, or UAH 1.4 bln – to UAH 694.2 bln. However, due to the continued reduction in foreign currency loans, which amounted to 0.7%, or UAH 1.7 billion – to UAH 243.8 billion in June, in general for the past month, loans again decreased, albeit minimally – by UAH 0.3 billion.
Overall for the first half of this year, the money supply increased by 9.1%, the base – by 14.5%, while money in circulation outside banks decreased by 0.3%.
Deposits increased by 12.6%, including hryvnia deposits by 14.3% and foreign currency deposits by 9.3%, while loans decreased by 5.2%, including hryvnia deposits by 4.1% and foreign currency deposits by 8.2%.
As reported, the money supply in Ukraine in 2022 after growth by 12% in 2021 increased by another 21%, or by UAH 435.2 billion.
Deposits for the past year increased by 23.6%, or by UAH 350.8 billion, including hryvnia deposits – by 19.1%, or by UAH 193.9 billion, while foreign currency deposits (in hryvnia equivalent) – by 33.1%, or by UAH 156.9 billion.
The monetary base in 2022 increased by 19.6% compared to 11.2% a year earlier. At the same time, money in circulation outside banks increased by 14.6%, or by UAH 85.1 billion over the year.
The volume of loans in 2022 decreased by 3.8%, or by UAH 39.1 billion. At the same time, hryvnia loans decreased by UAH 13.4 bln, while foreign currency loans decreased by UAH 25.7 bln.
The IMF in the updated in late June materials on the EFF program forecasts growth of the monetary base this year by 25.3%, mass – by 22.0% and reduction of loans to the non-government sector by 12.5%.
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%.
Money supply in Ukraine in July 2018 increased by 1.3%, to UAH 1.229 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
According to the central bank, this dynamics is due to the growth in the balance of deposits by 1.7%, to UAH 881.579 billion, and the amount of cash in circulation outside banks by 0.8%, to UAH 346.654 billion.
In general, since early 2018 money supply has increased by 1.6%.
The NBU said the deposit portfolio of banks in the national currency in July rose by 1.5%, to UAH 515.475 billion, in foreign currency by 2%, to UAH 366.104 billion.
In general, since the beginning of the year the deposit portfolio of banks has increased by 0.6%, in particular, in the national currency by 5.1%. The deposit portfolio in foreign currency decreased by 5%.
The yield of deposit products in the national currency for business last month increased by 0.4 percentage points (p.p.), to 12% per annum, in foreign currency declined by 0.2 percentage points, to 1.9% per annum.
In general, in January-July 2018 the rate on hryvnia deposits for business increased by 3.3 percentage points, while on foreign currency deposits fell by 0.9 percentage points.
The interest rate on deposits for the population in July did not change either in the national currency or in foreign currency.
Since the beginning of this year, the rate on deposits for the population in the national currency has increased by 0.2 percentage points, to 10.7% per annum, while in foreign currency it decreased by 0.4 percentage points, to 2.3% per annum.
The loan portfolio of the banks in July increased by 1.9%, to UAH 1.043 trillion. In particular, the volume of loans in the national currency increased by 1.5%, to UAH 593.749 billion, in foreign currency it decreased by 2.3%, to UAH 449.452 billion.
Since the beginning of the year, the loan portfolio of the banks has grown by 2.7%, in particular in the national currency by 4.2% and in foreign currency by 0.8%.
According to the NBU, the cost of hryvnia loans for business last month decreased by 0.1 percentage points, to 16.9% per annum, foreign currency loans by 0.5 percentage points, to 6.1% per annum.
In general, for the seven months of the year the cost of loans for corporate borrowers in the hryvnia rose by 2.7 percentage points, in foreign currency decreased by 1.4 percentage points.
The cost of hryvnia loans for the population increased by 0.2 p.p. in July, to 32% per annum, in foreign currency by 4.3 percentage points, to 10% per annum.
Since the beginning of 2018, the cost of borrowings for the population in the national currency has increased by 3.3 percentage points, in foreign currency by 1.6 percentage points.
The monetary base in July rose by 0.2%, to UAH 420.598 billion. The growth for the seven months was 5.4%.
Net international reserves in July decreased by 2.9%, to $6.832 billion, the banks’ debt on refinancing loans fell by 0.1%, to UAH 58.58 billion.
In general, since early 2018, net foreign exchange reserves increased by 2.4%, the banks’ debt on refinancing loans decreased by 14.7%.
