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 Ukrainians Withdrew 110 Billion UAH from Banks This Year

Outflow of deposits from the Ukrainian banks since the beginning of this year amounted to 110 billion hryvnia.

This was stated by Head of the National Bank Valeriia Hontareva during a roundtable, Censor.NET reports with reference to UNIAN.

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"As of today, the outflow of deposits in the system constitutes 110 billion hryvnia," she said. The Head of the NBU stressed that the banks experiencing an outflow of deposits can count on the support of the National Bank. According to Hontareva, there is a clear relation between the outflow of deposits and the depreciation of the hryvnia. "That is why the National Bank introduced the current limitations that no one likes, we introduced administrative measures only to stabilize the situation in the currency market. Not because it's good or bad, but because it is the path to stabilization," she said.

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Total hryvnia deposits in Ukrainian banks as of August 2014 increased by 0.7% and amount to 380.7 billion hryvnia; foreign currency deposits fell by 3.3% and amount to 22 billion dollars. Since the beginning of the year, in January-August, the total deposits in Ukrainian banks fell by 9.9% in local currency and by 28.6% in foreign currency. Average interest rates on deposits in national currency in August compared to July decreased to 10.66% from 11.68%; in foreign currency - to 6.18% from 6.51%.


 
 
 
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