Moscow not seen as possible host of Eurovision 2017 song contest - mediaSociety & Culture December 04, 22:22
Et-Tell in Damascus Province fully controlled by Syrian governmentWorld December 04, 21:46
Mirziyoyev campaign office says he is winning presidential elections in UzbekistanWorld December 04, 21:40
Preliminary results of Uzbekistan’s presidential polls to be announced on December 5 - CECWorld December 04, 21:28
Putin expresses condolences over fatal road accident in Khanty-Mansyisk autonomous areaSociety & Culture December 04, 20:20
Emergencies ministry confirms death of 12 people in road accident near Khanty-MansyiskSociety & Culture December 04, 17:04
Fidel Castro buried in Santiago de CubaWorld December 04, 16:50
Cuban revolution in pictures: Early years of Fidel CastroWorld December 04, 16:49
10 people, including 9 children, killed in bus accident near Siberia's Khanty-MansiiskSociety & Culture December 04, 15:32
KIEV, April 14. /ITAR-TASS/. Ukrainian citizens have started withdrawing their savings from bank accounts, Ukraine’s news portal Vesti said on Monday, referring to the latest statistics of the National Bank of Ukraine.
According to the official data, the volume of personal deposits in Ukrainian banks has decreased in March by 5.9% - about 26 billion Ukraine’s hryvnias ($2 billion). Personal deposits have decreased by 3%.
These developments are mainly connected with the escalation of political instability in the country and devaluation of Ukraine’s hryvnia.
In an attempt to improve the situation, Ukrainian banks are trying to attract depositors by raising interest rates. In general, interest rates on deposits in hryvnias have increased to 19.5%, reaching a 26% maximum in April. However, this interest rate increase deters part of the clients, specialists say.
Bankers note that the outflow of personal deposits may continue in April. People have less confidence in banks and prefer to save their money at home. Vesti data show that almost 100% of deposits are not returned to the banking system upon expiry.
It has been noted that the number of loans also decreased in March, while interest rates, which are already high enough, continued to grow. Experts say if deposit outflows continue, mortgage development and automobile loan promotion programs will possibly be scrapped.