Loans in Ukraine will increase – survey of banks of the NBU

The demand for business loans is increasing, and especially its growth is expected by banks on loans for small and medium-sized businesses, as well as for the hryvnia and short-term commercial loans. This is stated in the analytical report "Survey on the terms of bank loan", promulgated by the National Bank of Ukraine (NBU).

According to the regulator, financial institutions are waiting for recovery and consumer credit. Most banks expect an increase in business loans from the end of 2016, but their share is 81%.

The share of financial institutions, which plan to increase lending to households, increased by 67%. Banks also maintain positive expectations for deposit growth by both the population (57% of respondents) and businesses (68% of respondents)

Banks also note an increase in the frequency of loan applications for small and medium-sized businesses. According to respondents, the demand for mortgages increased mainly due to expectations of higher prices. As noted by the National Bank, for several consecutive quarters, banks are talking about growing competition in consumer loans and mortgages, not only with other banks, but also with non-bank financial institutions . Earlier today, the site "Today" has become clear, how to choose an effective way to save money and increase savings.

Early July Moody's improved the forecast of the development of the banking system of Ukraine. The agency estimates that the credit of the country's banks will improve over the next 12 to 18 months, due to the improved quality of assets and the return to profitability.