Economy

The National Bank has not ruled out cheaper loans

Loans may become cheaper in Ukraine after the discount rate is cut from 16 per cent to 15 per cent per annum. This possibility was admitted by Deputy Chairman of the National Bank Serhiy Mykolaychuk in an interview with Interfax-Ukraine, informrmuet .

In particular, when asked: whether deposit and loan rates have the potential for reduction, the official said: “Probably, yes.”

However, according to Mykolaychuk, we should not expect a significant reduction in rates on depozatami.

“On loans, the rates depend to a greater extent on the risk situation of borrowers, and if we talk about the corporate sector, we see that the situation with the creditworthiness of borrowers is improving. This is evidenced by the dynamics of non-performing loans and the effectiveness of government programmes to support lending, so we hope that a certain reduction in credit rates due to risk premium is quite possible,” Nikolaychuk added.