Which banks increased hryvnia deposits the most
In January-June, time deposits of the population in hryvnia showed the greatest growth PrivatBank. The volume of such deposits increased by UAH 7.04 billion and at the end of June it amounted to UAH 85.34 billion.
In second place — Savings Bank, which increased the portfolio of term hryvnia deposits by UAH 4.67 billion, up to UAH 76.61 billion.
He took the third position Universal Bank, on the basis of which monobank operates. In six months, the volume of hryvnia term deposits increased by UAH 3.75 billion, up to UAH 24.18 billion.
The five banks with the largest growth also included:
A-Bank — +1.73 billion UAH, up to 17.29 billion UAH;
Acordbank — + UAH 1.65 billion, up to UAH 7.14 billion.
Thus, the largest inflow of hryvnia savings fell not only on state banks. Institutions with active work in the retail segment also showed significant growth.
Oschadbank leads in foreign currency deposits
In the currency segment, the situation is somewhat different. The largest increase in time deposits of the population in foreign currency for the first half of the year showed Savings Bank.
Its currency deposit portfolio increased by UAH 2.41 billion equivalent — up to UAH 29.97 billion.
Next in increments:
Bank "Southern" — +0.65 billion UAH, up to 4.97 billion UAH;
Ukrgasbank — +0.61 billion UAH, up to 7.34 billion UAH;
Universal Bank — +0.59 billion UAH, up to 8.57 billion UAH;
A-Bank — +0.56 billion UAH, up to 3.77 billion UAH.
Therefore, the population's demand remains not only for the hryvnia, but also for currency savings instruments.
In which banks did deposits decrease?
At the same time, some banks recorded an outflow of time deposits in the first half of the year.
Most hryvnia deposits decreased in Ukreximbank — on UAH 1.55 billion, up to UAH 5.07 billion.
IN CB "Globus" the portfolio decreased by UAH 0.36 billion to UAH 1.15 billion. Creditvest Bank lost UAH 0.22 billion of hryvnia term deposits, and Alliance Bank — UAH 0.15 billion.
In the currency segment, the largest outflow was also recorded in Ukreximbank — minus UAH 3.21 billion equivalent. At the end of June, the bank had UAH 7.94 billion of such deposits.
Raiffeisen Bank reduced currency time deposits of the population by UAH 1.44 billion — to UAH 12.37 billion.
Why customers choose some banks and not others
The outflow of deposits does not necessarily mean that clients have lost trust in a particular bank. The dynamics can be influenced changes in deposit rates, terms of placement of funds, terms of programs and the bank's general strategy for attracting resources.
At the same time, the growth of deposits with leaders shows that banks continue to actively compete for the savings of the population.
Not only the interest rate is important for the client. The choice is also influenced the reliability of the bank, the convenience of the mobile application, the possibility of early withdrawal of funds, the terms of extension and the general availability of banking services.
What is happening with the deposit market
The growth of time deposits shows that the population continues to use banks as the main tool for saving savings.
For banks, such funds are important as stable source of funding, which can be used for liquidity and credit planning.
At the same time, the distribution of funds between banks shows that Ukrainians increasingly value a set of conditions, and not just the maximum rate. Trust in the bank, the convenience of digital services and the flexibility of deposit products remain key factors in the competition for depositors' money.
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