OREANDA-NEWS. March 5, 2010. In February 2010, total deposits increased by UAH 1.0bn, despite a decrease by UAH 3.0bn in January 2010. In particular, total retail deposits grew UAH 3.7bn, while corporate deposits shrank by UAH 2.7bn.

Millennium Capital sees the news to be positive, since, despite the seasonal reduction of total deposits in January 2010, the deposits portfolio of commercial banks kept growing in the previous four months. Millennium Capital believes that in case of successful economic policy of the new government and in the event of hryvnia devaluation risks subsiding, the retail deposits will keep increasing in 2010, thus enabling commercial banks to recover their operational activity.