Bank lending in Ukraine significantly exceeded forecasts - NBU.

Lending in Ukraine is growing

The head of the National Bank Andriy Pyshnyy reported that in the lending sector, banks have surpassed expectations at the beginning of 2024.

According to Pyshnyy, the volume of loans for businesses increased by 20.6% over the year. The amount of hryvnia loans for SMEs grew by 22.1% over the year and now accounts for 60.2% of the net hryvnia loan portfolio for businesses.

We see a positive trend: net hryvnia loans for businesses have been growing for a year and a half in a row. At the same Time, the share of loans under the 'Affordable Loans 5-7-9%' program has decreased to 33.7% in the net hryvnia portfolio of businesses over the year. The share of hryvnia loans with a repayment term of more than three years has also increased to 25.2%. Over the year, the volume of these loans grew by 58%. Therefore, we can also talk about the emergence of a trend related to the revival of investment demand from businesses.

Pyshnyy also noted that the volume of net hryvnia loans to the population increased by 39.9% over the year.

He also emphasized that the quality of the loan portfolio is improving, and more and more banks are competing for quality clients, which contributes to the improvement of banking offers.