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Growth rates of loans to households exceeded pre-crisis level - NBU.

In July-September 2021, the Ukrainian banking sector significantly accelerated growth in lending on a year-on-year basis, most notably in the corporate and mortgage segments.

This is said in the Banking Sector Review published on the website of the National Bank of Ukraine, Ukrinform reports.

In Q3 2021, net hryvnia loan portfolios in the corporate sector grew by 13.1%. In annual terms, this increase exceeded 40%.

“The growth in net hryvnia retail loans accelerated to 31.2% yoy compared to the previous quarter and surpassed the pre-crisis level. Mortgages climbed by more than 16% qoq and 54.5% yoy, continuing to outpace consumer lending,” reads the report.

The share of nonperforming loans (NPL) decreased by 3.9 p.p. in July-September 2021, up to 33.3% due to this year’s largest NPL write-off and efforts by banks to step up lending.

It is noted that the growth rates of corporate and mortgage loans in the third quarter are the highest in ten years.

Deposit growth dynamics remained positive, but became slower.

In July-September 2021, hryvnia retail deposits decreased by 1.4%, primarily because of the decline in demand deposits amid a seasonal increase in consumer spending. On an annual basis, hryvnia retail deposits grew by 15%.

Hryvnia corporate deposits grew by 6.9% over the third quarter and 28.1% year-on-year.

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