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Loan costs have been declining in Ukraine for past four quarters, NBU says
Journal Staff Report

KYIV, July 29 – The largest share of respondents in the entire history of surveys since the second quarter of 2021 reported a decrease in the cost of funding, which has been declining for the fourth quarter in a row: the balance of responses in Q2 2024 was 44% less (from 100% to 100%).

This is evidenced by data from the National Bank of Ukraine (NBU).

Such a decrease in the average cost of funding is primarily due to a sharp decrease in the cost of raising funds from the population for the first time since the first quarter of 2022: the balance of responses was 42% less, while in the first quarter of 2024 it was at the level of 21%.




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