Do Ukrainians trust money to banks during the war: NBU response

Since the beginning of Russia’s full-scale invasion of Ukraine, the volume of hryvnia funds of individuals and legal entities in banks has grown by 21.3% and 2.7%, respectively.

A small outflow of funds in the first two months of the year due to information pressure was offset by an increase in deposits in March.

This was reported by the National Bank of Ukraine in Telegram.

“We compared the operational data as of April 29 with the figures at the beginning of the year and at the beginning of the war and obtained the following results. The volume of hryvnia funds of individuals increased significantly in both cases. A small outflow of funds in the first two months of the year due to information pressure was offset by an increase deposits in March. Funds of legal entities have decreased since the beginning of the year, mainly due to further salary payments while reducing revenue. At the same time, during the two months of the war, we see growth in this category, “the report says.

In particular, since the beginning of Russia’s full-scale invasion of Ukraine, the volume of hryvnia funds of individuals has increased by 21.3%, legal entities – by 2.7%.

“High customer confidence provides the banking sector with a consistently high level of liquidity, despite military risks, which is the key to its stability and reliability,” the NBU said.

Photo: NBU

Earlier it became known that according to the results of April, Ukraine’s international reserves decreased by 4% – as of May 1, the reserves, according to preliminary data, amounted to $26,944.9 million.

Recall that on April 1, the Verkhovna Rada as a whole voted for a bill on 100% guarantee of deposits in all banks during the war.

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