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Loans inch down, deposits continue robust growth in July

Loans inch down, deposits continue robust growth in July

13 August 2012

Banking sector loans edged down 0.2% mom in July, taking annual growth to 2.7% from 3.5% yoy in June, according to the National Bank of Ukraine. Notably, retail facilities increased in month-on-month terms (+0.2% mom) for the first time since August 2011, as the issuance of new consumer loans likely exceeded redemptions of mortgages and car loans. However, in year-on-year terms, retail loans were still down 9.1%. Deposit growth accelerated to 12.1% yoy in July from 9.6% in June, driven mainly by retail facilities (up 12.9% yoy).

Banking sector loans and deposits, USD bln                                   

————————————–
                         July 2012   mom    yoy
————————————–
Total loans             99.2     -0.2%    2.7%
 corporate loans     76.0     -0.3%    6.9%
 retail loans           23.2      0.2%   -9.1%
Total deposits        64.6      1.8%    12.1%
corporate deposits 21.8      3.7%    10.5%
 retail deposits      42.8      0.8%    12.9%
————————————–
Source: NBU

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