OREANDA-NEWS  On 10 December was announced, that similar to October, the deposit amount in the national currency decreased by UAH 11.0bn (-5.2%, m/m), while deposits in foreign currency rose by UAH 18.9bn (15.7%, m/m), which resulted in total deposit growth of UAH 7.9bn (2.4%, m/m) in November 2008.  At the same time the amount of loans in the national currency increased by a negligible 1.2% (UAH 3.6bn), while loans denominated in foreign currency grew 14.6% (UAH 50.0bn).

Low liquidity of the banking system required significant NBU refinancing of the commercial banks, which amounted to UAH 45.5bn in November 2008.Worth noting is also the rise in the reserves of the commercial banks by UAH 14.9bn. At the same time the net income of the commercial banks in November was twice lower (UAH 0.7bn) than in October 2008.