Monetary base in Ukraine in August decreased by 1.1%, to UAH 328.8 billion, while money supply decreased by 2.1%, to UAH 948.2 billion, the National Bank of Ukraine (NBU) said on its website.

According to the report, the volume of cash outside banks in August decreased by 2.7%, to UAH 276.4 billion, and since the beginning of the year it fell by 2.3%.

Since early 2015, monetary base fell by 1.3% and money stock by 0.9%.

As reported, in July monetary base grew by 0.6%, money supply declined by 0.9%, while the volume of cash outside banks was down by 0.7%.

According to the NBU, the volume of deposits in the national currency in August showed a rise of 0.1%, to UAH 356.2 billion. Since early 2015, it fell by 2.6%.

The central bank explained this was due to the increase of balance on individuals' accounts by 0.8% in August, to UAH 182.3 billion. Since early 2015 it grew by 7.3%. Individuals' deposits in the national currency in August decreased by 0.7%, to UAH 173.9 billion. Since early 2015 it fell by 11.3%.

The NBU said that individuals' deposits in the national currency excluding funds in the banks recognized insolvent and being under liquidation in August increased by 0.5%, to UAH 164.3 billion.

According to the report, the decline in foreign currency deposits in August also decreased by 2%, as a result since the beginning of the year they have declined by 23.4%, to $14.9 billion. Foreign currency deposits of legal entities in August fell by 4.2% (by 16.9% since early 2015), to $4.8 billion, those of individuals by 0.9% (by 26.2% since early 2015), to $10.1 billion. Individuals' deposits in foreign currency, excluding funds in insolvent banks or those being under liquidation, decreased by 0.4% in August, to $9.3 billion.

Credits in the national currency increased by 1.1% in August (and fell by 9.7% since early 2015), to UAH 490.2 billion, including a rise of 1.4% in the credits of companies (a decline of 10.1% since early 2015), to UAH 391.9 billion and the credits of individuals did not change (and fell by 8.1% since early 2015), being at UAH 98.3 billion.

Credits in foreign currency decreased by 0.9% in August (by 14.7% since early 2015), to $25.6 billion, including a decline of 1% in the credits of companies (by 11.5% since early 2015), to $20.9 billion and a decline of 0.8% in the credits of individuals (by 27% since early 2015), to $4.6 billion.

According to the report, the volume of banks' correspondent accounts at the NBU in August increased by 10.9% (since the start of the year by 13.2%), to UAH 30.8 billion. The volume of obligatory reserves amounted to UAH 40 billion from August 11 to September 10, 2015.

The rates of credits issued in hryvnias fell from 21.5% to 21.01% in August, while rates of credits issued in foreign currency grew from 7.91% to 8.18%. Rates of hryvnia deposits fell to 13.6% from 14.38% and rates of currency deposits decreased from 6.13% to 6.52%.

The interbank market rates of hryvnia credits fell to 19.92% from 21.83%.

The regulator said that in August government domestic loan bonds worth UAH 2.5 billion were placed to issue a credit to the Individuals' Deposit Guarantee Fund at average rate of 11.89% per annum (since early 2015 – UAH 20 billion at average rate of 11.81% per annum).