NBU Reports Increase in Household Deposits
OREANDA-NEWS. In June 2014, household deposits had increased by 0.4%, or by UAH 1.5 billion. (without regard to exchange rate fluctuations). In May 2014, household deposits had shrunk by 4.3%, or by UAH 15.8 billion.
Governor of the National Bank of Ukraine Valeriia Gontareva said that despite the fact that the counter-terrorism operation was under way in the east of the country, the deposit market had seen a significant easing of emotional tensions. "That is just the beginning. The banking sector is expected to attract a large inflow of deposits this month," she added. Depositors prefer short-term hryvnia deposits.
In June, the stock of household deposits recorded an increase of 2 - 5% in most regions of Ukraine. in Kherson, Kirovohrad, Transcarpathian, and Zhytomyr oblasts, household deposits grew at a fast pace (9.0%, 6.0%, 5.5% and 5.2% respectively).
The banks forced to halt their operations in the Autonomous Republic of Crimea and eastern regions where fighting continues saw a run on deposits.
Overall, the confidence in the banking system and national currency is being gradually restored in most regio
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