Ukrainian Banking Sector Expands Slightly

Businessn.a. ♦ Published: November 19, 2012; 16:28 ♦ (Vindobona)

Despite the economic slowdown in the Ukraine, lending is on the rise.

Ukrainian Banking Sector Expands Slightly / Picture: © Vindobona.org

Total loans grew 0.7% mom in October, 1.9% ytd. Prohibitively high interest rates are dampening lending activity in the corporate segment – CO loan portfolio increased by 0.7% mom in October, 4.3% since the beginning of the year. At the same time, the pick-up in consumer lending growth has been registered in October – UAH 2.7 bn (2.9%) increase in PI hryvnia loan…