Bank's loan portfolio of Dnipro loan in 2016 has grown by half a billion hryvnia

10 January 2017

According to the results of 2016, the deposit portfolio of the Bank's Credit Dnepr bank has grown by almost half a billion hryvnias, and today it amounts to UAH 3.8 billion. Only last month, taking into account the re-registration Ukrainians entrusted the bank with over 7.5 thousand deposits in the amount of almost 1 billion USD. Despite some subsidence of the deposit market last year in course of currency unrest or political instability, bankers in general point to an increase in the level of customer confidence in the banking system. This is noticeable not only in the growth of the deposit base of banks, but also in the prolongation of the terms of placement of funds, as well as in the fact that it is preferable to place term deposits with higher yields than demand deposits.

"In early 2016, the main share of our deposit portfolio consisted of deposits for a period of 3-6 months. Today, more than half of the portfolio - 60% - is a deposit from 6 months to 1 year. Ukrainians are no longer afraid to make deposits with a fixed date of payment. Almost 100% of our deposit portfolio is term deposits with higher yields. We predict that such trends will continue this year, - says Andriy Moisjeenko, deputy chairman of the Bank's Credit Dnepr Board. - Of course, it's still too early to say that the deposit market has completely recovered. And in 2017, its growth will also be gradual under the condition of a calm socio-political situation in the country. It is worth to understand that our society is still quite responsive to any, even minor, shocks. This also applies to situational exchange rate volatility, and the purge of the banking market, which is still ongoing, etc. We were ready for these consequences of the greatest crisis in the history of Ukraine, and today it is very important to state that everything is the most difficult - behind. Already throughout the year, the market, despite the unrest that sometimes happens, continues to grow, and in the face of economic stabilization, these trends will intensify. "

The banker also noted that during 2017 deposit rates will decrease. And this, in turn, confirms the fact that the situation on the market is leveling out, financial institutions no longer need excessively expensive resources and are ready to focus on the activation of more affordable lending to the population and business.


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