As of July 1, 2024, banks had UAH 1.7 trillion on deposit, most of them in hryvnia. This was stated by economic expert Oleksandr Okhrimenko in an exclusive commentary to UNN.
We have the latest operational data: as of July 1, 2024, the total amount of deposits placed by households in banks is UAH 1.7 trillion. Most of the deposits are in hryvnia
According to him, in Ukraine, about 80% of deposits are placed in hryvnia, and 20% are in foreign currency, usually in dollars.
Referring to official data, Okhrimenko noted that in 6 months of 2024, the total amount of hryvnia deposits of the population increased by almost 15% compared to last year. "This is a very good indicator, which shows that the population has money, the population brings money to the bank and actively places (deposits - ed.). Yes, the interest on deposits is always small, people want more," the expert added.
According to him, Ukrainians place most of their deposits in state-owned PrivatBank and Oschadbank.
Okhrimenko also reminded that Ukraine has a 100% deposit protection guarantee. "That is, even if a small bank goes bankrupt, the Deposit Guarantee Fund will pay 100% of the deposits in foreign currency and hryvnia. But we have not had any problems with banks recently," Okhrimenko said.
Recall
Olena Sosedka, co-founder of Ukraine's first fintech ecosystem Concord Fintech Solutions, shared her tips on choosing a reliable bank for deposits, calculating passive income from deposits, and taking into account factors such as interest rates, deposit terms, taxes, and currency fluctuations to preserve and grow savings in the face of economic instability.
In addition, the expert explained what to look for to protect yourself from losing money. Among other things, the expert advises to always count on the worst-case scenario when obtaining a loan. In particular, you should assess your own ability to repay the loan in the event of a decrease in income or unforeseen expenses. For more information on what else to look for when taking out a loan, see link.