Ukrainian Banks Increased Deposit Portfolios in 2013
OREANDA-NEWS. For the first month of 2013 amount of balances in deposit accounts with Ukrainian banks increased by UAH 12,6 bln and made UAH 578,9 bln
For the first month of 2013 amount of balances in deposit accounts with Ukrainian banks increased by UAH 12,6 bln and made UAH 578,9 bln.
Individuals were the most active in January. Thus, funds of individuals in deposit accounts with banks increased by 2,4% to UAH 374,5 bln, and funds of legal entities increased by 1,2% to UAH 204,4 bln.
In its turn, deposit structure analysis in the breakdown of currencies reflected the significant growth of UAH deposits Ї by 8,2 bln, or by 2,6%, while increase of deposits denominated in foreign currencies was essentially lower, amounts thereof grew only by 2,8 bln, or by 1,1%.
"At the present days, many Ukrainians consider deposits as a good way to gain additional earnings, even, in spite of deposit rates reduction after New Year ", Ї Konstantin Varnin, Deputy Head of Retail and Small Business Department of JSCB “INDUSTRIALBANK”, comments". "Increase of deposits in national currency is caused by the highest interest rates applied to UAH deposits. The fact that Ukrainians prefer to save their money exactly in the same currency as they intend to spend has also no small part ", Ї the banker explains.
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