Banks in Ukraine reduced lending rates and slightly increased deposit rates
14 May 17:40
In April 2025, banks in Ukraine slightly reduced interest rates on loans to households, while deposit rates increased slightly. This is evidenced by the operational data of the National Bank of Ukraine, "Komersant Ukrainian" reports.
Loans
The average interest rate on new loans in hryvnia for individuals amounted to 35.7% per annum, slightly lower than in March (35.9%). Despite this, lending is growing: the loan portfolio increased by 1.5% to UAH 293 billion.
Deposits
New deposit rates in the national currency increased to 10.6% p.a. (10.5% in March). In foreign currency, rates remained unchanged at 1%. The household deposit portfolio grew by almost 3% to UAH 1.258 trillion.
Inflation and monetary policy
Despite a slight increase in deposit rates, their level is still significantly lower than inflation, which reached 15.1% in April. The NBU expects it to slow to less than 10% by the end of the year. To make hryvnia deposits more attractive, the NBU is keeping the key policy rate at 15.5%.
Earlier, the NBU accused banks of lowering deposit rates for households despite the regulator’s incentives.
