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Flight of deposit money has slowed significantly, says NBU official
Journal Staff Report

KIEV, April 15 - The outflow of deposits from banks in Ukraine has slowed significantly, said Oleksandr Arseniuk, the deputy director of the general department for monetary and credit policy at the National Bank of Ukraine.

"The situation on the monetary and credit market is still somewhat tense. Simultaneously, we are already seeing tangible signs of gradual stabilization. If we consider the period from the beginning of April, the rate of the outflow of individuals' deposits from the banking system is several times less than we observed in March," he said in a short video posted on the Web site of the NBU.

According to Arseniuk, net supply of foreign currency is observed on the foreign exchange market, while in March net demand was fixed.




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