Ukrainians have accumulated a record 1.7 trillion hryvnia in banks: where people are keeping their money
24 June 10:11
The amount of funds held by Ukrainians and individual entrepreneurs in banks continues to grow. As of June 1, 2026, the total amount of deposits held by individuals reached 1 trillion 700.6 billion hryvnias. This was reported by the Deposit Guarantee Fund, according to "Komersant Ukrainian"
In May alone, Ukrainians’ bank savings increased by 13.3 billion hryvnia. On an annual basis, the increase amounted to nearly 260 billion hryvnia.
How much money do Ukrainians keep in banks?
The total amount of funds held by individuals, including sole proprietors, in Ukrainian banks was 1,700.6 billion hryvnia.
The structure of deposits is as follows:
- 1,117.4 billion UAH — funds in the national currency;
- 583.2 billion UAH — savings in foreign currency.
In May, the volume of hryvnia deposits increased by 13.6 billion UAH. At the same time, foreign currency savings decreased by approximately 300 million UAH.
Thus, the overall growth in deposits was driven specifically by hryvnia-denominated funds.
Over the past year, bank savings have grown by nearly 260 billion UAH
Compared to the figure at the beginning of June 2025, Ukrainians increased the amount of funds in the banking system by nearly 260 billion UAH.
The growth in deposit volumes may indicate that the population continues to use banks to store money even amid war and economic uncertainty.
At the same time, a significant portion of these funds is held not in term deposits but in checking and card accounts.
Over 70% of funds can be withdrawn at any time
More than 70% of the total deposit amount consists of demand deposits. These are funds in checking, card, and other accounts that customers can use or withdraw without waiting for the deposit term to expire.
The high proportion of such funds indicates that Ukrainians prefer quick access to their savings.
Term deposits typically offer higher returns but require locking up funds for a specified period. Demand deposits are more accessible, but the interest rates on them are often lower or nonexistent.
Individual entrepreneurs hold nearly 198 billion UAH in banks
The total amount of funds held by individual entrepreneurs in banks reached 197.6 billion UAH.
Individual entrepreneurs account for only 3.2% of the total number of depositors, yet they hold 11.6% of all funds held by individuals in the banking system.
This is because entrepreneurs use their accounts not only for personal savings but also for making payments, paying salaries, paying taxes, and other business-related transactions.
Funds held by sole proprietors are also covered by the deposit insurance system.
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Over 97% of depositors have up to 200,000 hryvnias
The vast majority of bank customers hold relatively small amounts in their accounts.
According to the Deposit Guarantee Fund:
- more than 97% of depositors have up to 200,000 hryvnias in banks;
- this group accounts for slightly more than a quarter of the total amount of deposits;
- less than 1% of customers hold more than 5 million hryvnias;
- wealthy depositors hold more than 16% of all funds.
Thus, most Ukrainians have modest savings, while a significant portion of the money in the banking system is concentrated in the accounts of a small number of customers.
Less than 1% of depositors control more than 16% of deposits
Customers with balances exceeding 5 million UAH account for less than 1% of the total number of depositors.
Despite this, they account for over 16% of all funds held by individuals and entrepreneurs in banks.
Why are hryvnia deposits growing?
One of the factors driving the increase in hryvnia savings is the deposit of salaries, pensions, social benefits, and entrepreneurs’ income into bank accounts.
This trend may also be influenced by deposit rates, the continued development of cashless payments, and citizens’ desire to keep their funds in the banking system.
At the same time, part of the increase may be linked not only to new savings but also to the accumulation of funds in card and checking accounts.
How Bank Deposits Are Guaranteed
The Deposit Insurance Fund for Individuals protects bank customers’ funds in the event that a financial institution is forced out of the market.
During the period of martial law and for three months after its termination or revocation, depositors are guaranteed reimbursement of the full amount of their funds, including accrued interest.
After this period ends, the guaranteed amount cannot be less than 600,000 UAH per depositor at a single bank.
The guarantees apply not only to traditional term deposits but also to funds in checking and card accounts, subject to the conditions set forth by law.
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