13:11 20.05.2013

Monetary base in Ukraine 4.3% up in April, money stock - 2% up

3 min read

The monetary base in Ukraine in April increased by 4.3% (from the beginning of the year by 4.7%), to UAH 267.2 billion, and the money stock by 2% (from the beginning of the year by 5.6%), to UAH 816.9 billion, according to the Web site of the National Bank of Ukraine (NBU).

"Further growth of ending stocks both on issued bank loans and raised deposits was observed on the monetary and credit market in April. However, the average weighted interest rates on loans to the real sector of the economy declined," reads the report.

According to the statement, the volume of cash outside the banks in April increased by 4.1% (from the beginning of the year – by 5.5%), to UAH 214.5 billion.

According to the central bank, the volume of bank refinancing by the NBU in April was UAH 3.2 billion (from the beginning of the year – UAH 9.3 billion), and the average weighted interest rate on these transactions reached 7.92% per annum (from the beginning of the year - 7.88%).

At the same time, the amount of mobilization operations amounted to UAH 6.5 billion (from the start of the year – UAH 46.6 billion), and the average weighted interest rate on them - 3.25% (from the beginning of the year - 2.53%).

Assets at banks' correspondent accounts in a month decreased by 12.1% (by 18.3% in four months), to UAH 20.2 billion. By May 1, 2013, the banks had accumulated UAH 19 billion in obligatory reserves, according to the central bank. Of the sum, UAH 6.6 billion was stored at a separate account at the NBU.

The government's funds in the national currency on accounts at the NBU in April increased by 5.2%, to UAH 3.8 billion. Their growth since the start of the year has been by almost eight times.

The total balance of bank deposits in April expanded by 1.3% (by 5.7% since the start of the year), to UAH 600.1 billion. The balance of bank deposits in the national currency grew by 2.6% (by 10.9% since the start of the year).

Individuals' assets on deposit accounts in April grew by 2.2% (by 2.1% since the start of the year), to UAH 395.4 billion. The balance of legal entities' deposits at banks fell by 0.4% last month (they have grown by 1.3% since the start of the year), to UAH 204.7 billion.

The overall balance of loans, according to the NBU, rose by 0.5% in April (by 1.9% since the start of the year), to UAH 824.8 billion.

The balance of loans taken by legal entities rose by 0.4% in a month (by 2.1% since early 2013), to UAH 639.4 billion. The balance of loans taken by individuals was up by 0.8% (by 1.2% since early 2013), to UAH 185.4 billion.

The NBU reported that the average rate on credits in hryvnias in April decreased to 15.12% from 15.93% in March and that in foreign currency to 9.92% from 9.98%.

The NBU also reported that the average rate on deposits in hryvnias in April grew to 10.77% from 10.63% in March, while the average rate for foreign currency fell to 5.32% from 5.59%.

The report says that average rate on the interbank credit market in the national currency grew from 2.37% to 2.99%.

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