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Corporates took out UAH803bn of loans in June, on a par with the earlier months of this year as borrowing has been running steadily at around UAH800bn a month all year. But the corporate borrowing was down on every one of the last three years of UAH875bn in 2020, UAH929bn in 2019 and UAH909bn in 2018.
Lending to companies accounts for about 80% of Ukraine’s banks’ credit business, but retail remains an important business and retail credits have been rising steadily over the last two years. However, at the start of this year retail credit volumes fell again for the first time since 2019 but have started to grow again since March.
Ukraine’s banks extended a total of UAH224.5bn of retail credits in June,
slightly up on the UAH208bn they extended in the first month of this year and also ahead of the UAH218bn they extend in June 2020. Compared to corporate lending and the banks’ profitability over the last four years, retail loans have been growing at a very steady and regular pace since 2017.
45 UKRAINE Country Report July 2021 www.intellinews.com
