Ukraine Sees Growth of Consumer Loans
OREANDA-NEWS. October 19, 2011. The retail trade for January-September of this year has grown by 15.2 %. This was reported by the First Deputy Chairman of the State Statistics Service of Ukraine Vadym Pishcheyko.
The stable rates of increase of a turnover are observed as in the food product group, in particular, in alcoholic beverages, confectionery, meat, dairy products, and among non-food goods - cars, pharmaceutical, electrical goods, audio - video, and building materials. This was happened mainly due to increases in wages and incomes, and as a result of increase in consumer loans.
The First Deputy Chairman of the State Statistics Service of Ukraine Vadym Pishcheyko is called the growth of consumer loans by a risky factor: "There must pay attention, that the situation of 2008 was not repeated, when, after the significant growth of consumer crediting then there was a growth of insolvent demand and a significant amount of not returned credits in the banking sector. Nevertheless, the banks know this situation, but continue to increase loans."
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