KIEV, Aug. 18 – Interest rates on loans will keep growing in the short term against the backdrop of the credit crunch, Iryna Kniazeva, the Ukrsotsbank deputy board chairman, said.

“Certain banks are obviously living through a liquidity crisis, and by a steep increase in rates they are trying to reduce crediting… A 2% growth in rates is still possible on credits in U.S. dollars. There is hope that the situation with hryvnia crediting will improve by late September-early October,” the bank's press service said, quoting Kniazeva.