Confidence in the national currency and the banking system as a whole grows, and the National Bank will make every effort to secure this trend, NBU governor Ihor Sorkin stated.

He noted that in recent years, share of foreign currency deposits has reduced, while investors deposit more in local currency. NBU considers it a positive development that will enhance lending to the economy.

At the same time, the head of the NBU stands in favor of a gradual decline in interest rates on deposits of individuals to prevent outflow of deposits from the banking system.

According to Sorkin, the evidence of confidence in the national currency was the decline in net demand for foreign exchange in follow-up of 5 months of this year by 10 times as compared to the same period in 2012.

He added that there is a decrease in interest rates on deposits, which, however, does not have a negative impact on the dynamics of raising funds by banks.

In January-May this year there was recorded growth in deposits by 6.7%. The deposits in national currency increased by 12.8%, while the amount of funds in foreign currency decreased by 0.6%.



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