Deposit boom in October: Ukrainians replenish their accounts by UAH 6 billion
27 November 2024 05:13
The total amount of deposits of individuals, including individual entrepreneurs, in Ukrainian banks increased by UAH 5.9 billion in October and amounted to UAH 1.3 trillion. This was reported by the press service of the Deposit Guarantee Fund, "Komersant Ukrainian" reports
Since the beginning of 2024, the total increase in citizens’ deposits amounted to UAH 96.8 billion, of which UAH 58.7 billion was real growth (excluding the revaluation of the hryvnia equivalent of foreign currency deposits).
Of the total amount of retail deposits as of the beginning of November
- deposits in national currency – UAH 854.9 billion
- deposits in foreign currency – UAH 476.7 billion
As of November 1, the share of individual entrepreneurs in the structure of depositors amounted to 3.2%, 11.1% in the structure of the amount of deposits, and the amount of their deposits amounted to UAH 147.7 billion.
It should be noted that deposits of individual entrepreneurs are covered by the Deposit Guarantee Fund.
As of November 1, 41.3% of depositors had less than UAH 10 on their accounts (accounting for 0.002% of the total deposits), and another 56.95% had deposits between UAH 10 and UAH 200,000 (29.49% of the total deposits).
0.93% of Ukrainians had deposits in the amount of UAH 200,000 to 400,000, and 0.32% had deposits in the amount of UAH 400,000 to 600,000. Their savings amounted to 13.36% and 8.62% of total deposits, respectively.
At the same time, 48.53% of all bank deposits were held by 0.51% of Ukrainians with more than UAH 600,000.
In terms of maturity, 69.1% of deposits are on demand accounts, and 30.9% are term deposits.
As of November 1, 2024, the distribution of retail deposits in the banking system by size is as follows:
| Deposit amount, UAH | Depositors, % | Amount of deposits, % |
| up to UAH 10 | 41,27 | 0,002 |
| from 10 to 200 000 UAH | 56,95 | 29,49 |
| from 200,000 to 400,000 UAH | 0,93 | 13,36 |
| from 400,000 to 600,000 UAH | 0,34 | 8,62 |
| over UAH 600,000 | 0,51 | 48,53 |
| Total | 100 | 100 |
It should be noted that starting from April 13, 2022, the date of entry into force of the Law of Ukraine “On Amendments to Certain Laws of Ukraine on Ensuring Stability of the Deposit Guarantee System”, 100% of the guarantee applies to deposits of individuals (including individual entrepreneurs) in Ukrainian banks during the period of martial law in Ukraine and for three months after its cancellation or termination.
After three months from the date of lifting or termination of martial law, the maximum amount of guaranteed compensation for depositors of Ukrainian banks will be UAH 600 thousand.
All Ukrainian banks are members of the Deposit Guarantee Fund. As of October 1, 2024, there were 62 banks in the register of the Fund’s members.
