Interest rate on hryvnia loans to businesses raised to 16.9% per annum, to population up to 36.2% per annum in July - NBU
MOSCOW. Aug 19 (Interfax) - The average interest rate on hryvnia loans to businesses in Ukraine went up by 1.4 percentage points to 16.9% per annum, which is the highest interest rate since April 2024, Ukrainian media reported citing a report on the National Bank of Ukraine (NBU) website.
The interest rate on forex loans to businesses edged up 0.2 percentage points to 5.9% per annum. The interest rate on hryvnia loans to the population was raised by 0.3 percentage points to 36.2% per annum.
In a bid to draw deposits from entities, Ukrainian banks raised the average interest rate on them by 0.1 percentage points in July 2025 to 10.2% per annum, but reduced the interest rate on individuals' deposits by 0.2 percentage points to 10.9% per annum.
Banks' interest rates on forex deposits remained almost unchanged in July at 0.7% for businesses and at 0.9% for the population.
Meanwhile, the average interest rate on loans in the interbank market declined 0.7% percentage points in July to 15.7% per annum, with the interest rate on overnight loans dropping 0.5 percentage points to 14.8% per annum.
As reported, the NBU raised its key policy rate by 1 percentage point to 15.5% per annum in March 2025, then thrice keeping it at the same level, the last time in July.
According to NBU data, the volume of loans increased 2%, or by UAH 24.3 billion, to UAH 1.235 trillion in June, while the volume of deposits declined 0.1%, or by UAH 3 billion, to UAH 2.848 trillion.
The largest contributor to the growth of loans was the corporate sector, where the volume of loans increased 1.8%, or by UAH 16.4 billion, to UAH 909.3 billion.
Specifically, hryvnia loans to businesses went up 2.5%, or by UAH 15.9 billion, to UAH 656.8 billion, while forex loans decreased 0.1%, or by $0.01 billion, to $6.05 billion in the dollar equivalent.
The loan portfolio of households grew 2.7%, or by UAH 8.2 billion, to UAH 306.1 billion.
As regards deposits, their decrease in July was due to a reduction of entities' hryvnia deposits 1.2%, or by UAH 12.5 billion to UAH 1.7 trillion, whereas forex deposits grew 2.3%, or by $0.22 billion, to $10.05 billion.
Households' hryvnia deposits remained at the level of UAH 855.6 billion, while forex deposits increased 0.6%, or by $0.07 million, to $10.65 billion.
According to the NBU, the dollar's exchange rate strengthened to UAH 41.7662/$1 from UAH 41.6409/$1, which was below the exchange rate of UAH 42.0390/$1 seen at the beginning of the year.
In total, the volume of entities' hryvnia loans increased 15.9% and grew 16.4% for the population in January-July 2025. The volume of forex loans to businesses edged up 0.5% but declined 9.9% for the population in the reporting period.
Entities' hryvnia deposits decreased 1.7% and forex deposits 0.7% in the first seven months of the year, while individuals' deposits grew 7.7% and 7%, respectively.
