12:53 10.12.2014

Monetary base in Ukraine in Nov down by 1.2%, money supply up by 1.3%

3 min read
Monetary base in Ukraine in Nov down by 1.2%, money supply up by 1.3%

Money supply increased by 1.3% in November 2014 (from the beginning of the year increased by 6.9%), to UAH 971.8 billion, monetary base in Ukraine in September fell by 1.2% (since the start of the year rose by 6.9%), to UAH 328.4 billion, according to the website of the National Bank of Ukraine (NBU).

According to the report, the volume of cash outside banks in November increased by 0.3% (from the beginning of the year increased by 18.8%), to UAH 282.4 billion.

According to the NBU, the total amount of deposits in the national currency in November compared to the previous month decreased by 1.4% (from the beginning of the year by 14.1%), to UAH 362.9 billion, with deposits of individuals decreased by 1.5% (20.2%), to UAH 202.5 billion.

The volume of deposits in foreign currency in the past month fell by 8.6% (since the start of the year by 29.6%), to $21.7 billion (in U.S. dollar terms), in particular, deposits of legal entities - by 17.5% (from the beginning of the year - by 4.8%), to $7.4 billion.

According to the report, the reduction in hryvnia loans in November was 1.3% (from the beginning of the year – 9.5%), to UAH 540.3 billion: loans issued to legal entities decreased by 1.1% (9.3%), to UAH 430.9 billion, to individuals - by 2.2% (from the beginning of the year – 10.2%), to UAH 109.4 billion.

Loans in foreign currency decreased by 4.9% (17.9%), to $31.6 billion (in U.S. dollar terms), in particular those of legal entities - by 5.1% (16.8%), to $25.1 billion, individuals - 4% (21.6%), to $6.5 billion.

According to the NBU, the volume of banks' correspondent accounts at the NBU in November narrowed by 9% (since the start of the year – 23.9%), to UAH 25.1 billion. The volume of obligatory reserves amounted to UAH 38 billion in November, in particular UAH 300 million was transferred to the separate account at the central bank.

According to the central bank, the volume of bank refinancing by the NBU in November was UAH 27.2 billion (from the beginning of the year – UAH 179.3 billion), and the average weighted interest rate on these transactions reached 17.82% per annum (from the beginning of the year - 15%).

The amount of mobilization operations amounted to UAH 133 billion (UAH 1.317 trillion since early 2014), and the average weighted interest rate on them – 8.18% (from the beginning of the year – 5.36%).

The value of resources for companies and individuals in November 2014 compared to October 2014 fell for credits issued in foreign currency to 7.94% from 8.33% and for deposits in the national currency – from 10.64% to 10.45%.

The rate for credits issued in the national currency grew to 16.65% from 16.13% and on deposits in foreign currency – to 6.92% from 6.54%.

According to the NBU, the value of credits issued in the national currency on the interbank credit market increased to 16.50% from 14.43% in October.

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