Loan volumes rise 2.0% in July, deposits fall 0.1% – Ukraine's National Bank

The volume of loans in July rose 2.0%, or UAH 24.3 billion, to UAH 1.235 trillion, while deposits fell 0.1%, or UAH 3.0 billion, to UAH 2.848 trillion, the National Bank of Ukraine (NBU) reported on its website.

The main growth came from the corporate sector, where loans increased 1.8%, or UAH 16.4 billion, to UAH 909.3 billion.

Specifically, hryvnia loans to businesses rose 2.5%, or UAH 15.9 billion, to UAH 656.8 billion, while foreign currency loans declined 0.1%, or $0.01 billion, to $6.05 billion.

Households also expanded their loan portfolio by 2.7%, or UAH 8.2 billion, to UAH 306.1 billion.

As for deposits, the July decline was driven by a 1.2% drop in hryvnia corporate deposits, down UAH 12.5 billion to UAH 1.070 trillion. At the same time, foreign currency deposits increased 2.3%, or $0.22 billion, to $10.05 billion.

Household hryvnia deposits remained unchanged at UAH 855.6 billion, while foreign currency deposits rose 0.6%, or $0.07 billion, to $10.65 billion.

The NBU noted that by the end of July, the dollar rose to UAH 41.7662/$1 from UAH 41.6409/$1, though it remained cheaper than at the start of the year (UAH 42.0390/$1).

Since the beginning of the year, hryvnia loans to corporates have grown 15.9%, and to households by 16.4%. In foreign currency, business loans rose just 0.5%, while household loans fell 9.9%.

Corporate hryvnia deposits dropped 1.7% in the first seven months of 2025, while foreign currency deposits fell 0.7%. Household deposits, meanwhile, increased 7.7% in hryvnia and 7.0% in foreign currency.