In July 2016, the stock of household hryvnia deposits increased by 1.8% up to UAH 191.34 billion.  Household deposits in domestic currency rose by UAH 12.8 billion year-to-date (or by 7%).

“The recovery of household deposits points to a gradual restoration of public confidence in the banking system that  has gone through a painful but necessary clean-up process in recent years resulting in the removal of sham and failed banking institutions from the market and we have entered the next stage — the stage of resetting the banking system” said NBU Deputy Governor Ms Kateryna Rozhkova. Furthermore,  the largest increase (by UAH 1.6 billion) was recorded for household term deposits in domestic currency. Term deposits are important for the banking system and their growth contributes to the sustainability of banks’ liquidity and encourages banks to resume lending”.

In July, the banking sector’s total regulatory capital rose  by UAH 5.1 billion, diven by a UAH 6.5 billion increase in the Tier 1 Capital.  

Data on deposits are published in the “Key Performance Indicators of Banks”, which differ from the corresponding data published in the “Monetary Statistics” subsections as:

• they cover data provided by banks excluding their branches operating abroad;
• they cover the principal amount without accrued interest;
• these data do not comprise  personal savings (deposit) certificates.