Outflow of deposits from banks stopped in late April - NBU

"The banking sector is as normal. The outflow of time hryvnia deposits and foreign currency funds at the end of April stopped. On the contrary, during the week that ended on April 30, hryvnia funds of the population as a whole and term hryvnia deposits, in particular, grew by 0.3%," the report reads.

For the second week in a row, deposits in the national currency are at maximum levels since the beginning of March. Foreign currency funds have grown by 0.2% in the U.S. dollar equivalent for the first time since the beginning of the outflow. Interest rates on loans and deposits responded to the reduction by the NBU of the discount rate by 2 percentage points, to 8%, including rates on corporate loans falling to the level of early March. The value of term hryvnia deposits continued to decline.

Banks meet the requirements of the liquidity coverage ratio (LCR) with a significant margin, timely and fully fulfilling their obligations to customers. More than 96% of ATMs and 77% of bank branches are operating as normal.

op