Hryvnia business loan rates down to 15.1% in Aug, household rates remain at 36.2% – Ukraine's National Bank
The average interest rate on hryvnia loans to the corporate sector, which spiked from 15.5% to 16.9% in July, fell to 15.1% annually in August, the lowest since the end of last year, the National Bank of Ukraine (NBU) reported on its website.
According to the NBU, the average rate on foreign currency loans to businesses remained unchanged at 5.9% per annum, while hryvnia loans to households held steady at 36.2%.
As for deposits, banks in August kept the average rate for legal entities at 10.2% per annum, while household deposit rates rose by 0.1 percentage point to 11.0%.
Foreign currency deposit rates in August fell for businesses from 0.70% to 0.64%, while rising for households from 0.94% to 1.01%.
The average interbank lending rate in August jumped by 0.8 percentage point to 16.5%, including overnight loans, which rose 0.7 percentage point to 15.5% per annum, offsetting the July decline.
As reported, the NBU raised its key policy rate by 1 percentage point in March to 15.5% per annum, and has since kept it unchanged at that level through four consecutive decisions, most recently in September.