OREANDA-NEWS. June 17, 2010. VAB Bank’s private individual liability portfolio reached almost UAH 2.4 billion as of 1 June 2010. In May alone it demonstrated a 3.2% growth, adding to a nearly 26% growth dynamics seen since the year beginning. At the same time, weighted average interest rate for deposits dropped by 3% to 4% since the beginning of 2010, reported the press-centre of VAB Bank.

“Performance of VAB Bank in attracting liabilities from private individuals in the first five months of this year reflect entirely basic trends of the current deposit market: cash is returning into the banking system against the backdrop of systematic decrease in interest rates for both hrivnia and foreign currency deposits.  We forecast this trend to continue into at least June and July,” Mr Tsvetan Petrinin, VAB Bank deputy chairman, commented.

According to the expert, investors continue showing preference for hrivnia deposits: these accounted for over 55% of new deposits in May.  At the same time, the share of new deposits in euros went down to reach 11% in response to unstable behaviour of this currency in the international market.  Dnipropetrovsk, Zaporizhzhya, Zhytomyr, Sumy, Transcarpathia, and Ternopil were among the most active regions for new attractions whose portfolios demonstrated the best growth dynamics.