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National bank of Ukraine -In May, the Ukrainian money market demonstrated signs of stability and controllability

June 16, 2014



ENP Newswire - 16 June 2014

Release date- 12062014 - Despite tensions in eastern Ukraine, the money market demonstrated signs of stability and controllability in May 2014.

This is corroborated by the latest developments in the bank deposits market - during May 2014 household deposits in the national currency recorded an increase in most regions of Ukraine (except for some eastern and southern regions). Thus, without data from the banking institutions operating on the temporarily occupied territory of the Autonomous Republic of Crimea and the city of Sevastopol and the regions facing social and political tensions (Donetsk and Luhansk oblasts), the stock of household deposits in the national currency had increased by UAH 1.3 billion or 0.7 % in May (according to updated data).

As far as business deposits are concerned, in spite of tensions in the above mentioned regions, national currency deposits had grown by UAH 3.7 billion or 2.3 % across Ukraine (according to updated data).

The latest developments reflect positive trends towards stronger confidence in the banking system and the national currency. This is facilitated by consistent efforts made by the National bank of Ukraine, which are aimed at securing the banking system stability and maintaining its liquidity.


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Source: ENP Newswire


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