The volume of cash in circulation decreased to UAH 289 billion.
Deposits in hryvnia after growth in the previous month in November decreased by 0.3% to UAH 407.3 billion. The portfolio of loans in the national currency for November rose by 6.3% – to 509.2 billion hryvnia
Over the past month, the volume of cash outside banks fell by 1.2% – from 293 billion UAH to 289.696 billion UAH. In just 11 months of this year, cash advance in circulation amounted to 2.5%.
The monetary base in Ukraine after the reduction in October by 0.2% in November rose by 0.8% – to UAH 357.588 billion. The growth of the monetary base since the beginning of the year amounted to 6.4%.
Money supply for November decreased by 1%, and since the beginning of the year it increased by 5.1% – up to 1.044 trillion UAH.
The National Bank also reported that deposits in hryvnia after growth in October by 2.2% in November slightly decreased by 0.3% – to 407.3 billion UAH. This regulator explains the temporary increase in volatility in the foreign exchange market as a result of political tension. According to the NBU, against this background in November, deposits in foreign currency (in dollar terms) decreased by 2.1% to $ 13.446 billion. In general, since the beginning of the year, the growth of hryvnia deposits was 4.3%, while the currency 1.4 %.
The National Bank also noted that the high level of debt burden, primarily among borrowers in the corporate sector and the need to restructure their loans, continued to determine the dynamics of credit activity of banks.
According to the NBU, for November 2016, the portfolio of loans in national currency increased by 6.3% – to UAH 509.2 billion. The growth was mainly due to an increase in the portfolio of corporate hryvnia loans by 7.5% (since the beginning of the year – 23.2%), while the portfolio of household loans decreased by 0.3% (from the beginning of the year – by 4.1% %). “The strengthening of the corporate loan portfolio in the hryvnia contributed to the decline in market interest rates,” – explained in the National Bank. In particular, according to the regulator, the rate of loans on the interbank market in the hryvnia in November fell to 13.8% from 22.8% at the end of last year.
