Money supply and base in Ukraine 0.3% up in Aug
Money supply in Ukraine in August 2018 grew by 0.3%, to UAH 1.233 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
According to the central bank, this dynamics is due to the growth in the balance of deposits by 0.9%, to UAH 888.655 billion, while the amount of off-bank cash fell by 0.6%, to UAH 344.169 billion.
In general, since early 2018 money supply has increased by 2%.
The NBU said the deposit portfolio of banks in the national currency in August narrowed by 4.1%, to UAH 494.513 billion, in foreign currency it expanded by 8%, to UAH 394.142 billion.
In general, since the beginning of the year the deposit portfolio of banks has increased 1.4%, in particular, in the national currency by 0.8% and in foreign currency by 2.3%.
The yield of deposit products in the national currency for business last month increased by 0.4 percentage points (p.p.), to 12.4% per annum, in foreign currency remained unchanged at 1.9% per annum.
In general, in January-August 2018 the rate on hryvnia deposits for business increased by 3.8 p.p., while on foreign currency deposits fell by 0.9 p.p.
The interest rate on deposits for the population in August did not change in the national currency and grew by 0.2 p.p. in foreign currency.
Since the beginning of this year, the rate on deposits for the population in the national currency has decreased by 1.5 p.p., to 10.8% per annum, and in foreign currency by 0.8 p.p., to 2.5% per annum.
The loan portfolio of the banks in August increased 4.4%, to UAH 1.09 trillion. In particular, the volume of loans in the national currency increased by 2.3%, to UAH 607.781 billion, in foreign currency by 7.2%, to UAH 482.005 billion.
Since the beginning of the year, the loan portfolio of the banks has grown by 7.3%, in particular in the national currency by 6.7% and in foreign currency by 8.1%.
According to the NBU, the cost of hryvnia loans for business last month increased by 1 p.p., to 17.9% per annum, foreign currency loans it decreased by 0.2 p.p., to 5.9% per annum.
In general, for the eight months ending August 2018, the cost of loans for corporate borrowers in the hryvnia rose by 3.6 p.p., in foreign currency decreased by 1.6 p.p.
The cost of hryvnia loans for the population decreased by 0.2 p.p. in August, to 31.8% per annum, in foreign currency by 1.6 p.p., to 8.4% per annum.
Since the beginning of 2018, the cost of borrowings for the population in the national currency has increased by 2.6 p.p., in foreign currency it fell by 1.4 p.p.
The monetary base in August rose by 0.3%, to UAH 421.886 billion. The growth for the eight months was 5.7%.
Net international reserves in August increased by 0.4%, to $6.845 billion, the banks' debt on refinancing loans grew by 2.9%, to UAH 60.303 billion.
In general, since early 2018, net foreign exchange reserves increased by 2.6%, the banks' debt on refinancing loans decreased by 12.2%.