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8.1.2 Loans
Bankers are optimistic about lending prospects for the next 12 months,
according to the National Bank of Ukraine’s quarterly survey. Of credit managers polled, 78% predict an increase in the loan portfolio of corporations, 82% predicted an increase in loans to households. These are the highest rates since 2015. Completed on April 9, the survey polled credit managers of 23 banks. These banks represent 88% of the banking system’s assets.
Looking back at the first quarter of this year, the central bank reported: “Demand for loans increased from business and individuals, including mortgage demand was the highest in the history of observations.” Lower interest rates were cited as the main reason for increased borrowing. The central bank raised Ukraine’s prime rate by 100 basis points, to 7.5% in April.
45 UKRAINE Country Report May 2021 www.intellinews.com
