Analysis of the Ukrainian banking

The adverse developments in global and domestic economies, led to preservation of the tense situation on the monetary market of Ukraine in February 2009 and continued outflow of funds from customer accounts. The total amount of deposits in national currency in February decreased by 4.7% (YTD - 11.8%) to UAH 176.6 billion, including individuals - by 4.9% (YTD - 7.5%) to 99.9 billion USD, legal entities - by 4.5% (YTD - 16.8%) to 76, 7 billion . hrn. At the same time, total deposits in foreign currency (in dollars) in February decreased by 6.7% (YTD - up 8.7%) to $ 18.7 billion dollars, including individuals - by 6.2% (YTD - 10.4%) to U.S. $ 12.5 billion, legal entities - by 7.6% (YTD - 5.0%) to 6 , U.S. $ 2 billion. It should be noted that the decrease in deposits continues (especially individuals) is associated not only with a reduction in confidence in banks, but also with a decrease in income due to the deterioration in the economy. Under these conditions, a significant population of the savings begin to spend on current consumption, as well as the fulfillment of previous commitments (including loans). Part of this, and partly transfer of funds in foreign currency in cash is due in February, continuing a downward trend in the movement of cash outside banks, to the extent this month decreased by 1.8% (YTD - up 4.7%) to 147.5 billion UAH. Time, the share of cash in the structure of money supply during February increased to 31.3% compared with 30.5% at the beginning of the month, as the volume of money in February decreased at a faster pace than the amount of cash outside banks. Reducing display the resource base of banks on their lending activity. The volume of credit investments in February decreased by 0.6% (YTD - 2.2%) to 717.9 billion hryvnias. The volume of credits granted to legal entities increased by 0.1% (a decrease from the beginning of the year by 1.4%) to UAH 453.9 billion, to individuals - decreased by 1.8% (YTD - 3.5%) to 264.1 bln. Amount of money in February decreased by 4.5% (YTD - up 8.7%) to 470.8 billion hryvnias. In annual terms (calculated to the corresponding month last year) growth rate of money supply slowed to 18.3% compared with 30.2% at the beginning of the year. Monetary base in February decreased by 3.7% (YTD - 7.1%) to 173.4 billion hryvnias. In annual terms the growth rate of monetary base in February 2009 decreased to 29.1% compared to 31.6% at the beginning of the year. Topic: Banking systems | Tags: creation of the banking system