The total loan amount has grown by 26% this year compared to 2021

UAH 1.23 trillion in loans were issued by financial institutions as of early August this year. That is 15% more than a year ago and 26% more than before the full-scale war.

Most of the money was borrowed by businesses — UAH 909.3 billion (74%), while individuals accounted for UAH 316.1 billion. At the same time, the volume of loans to Ukrainians grew by 22% over the year, while loans to companies rose by only 13%.

After the start of the full-scale war, financial institutions sharply reduced lending, and the share of non-performing loans increased. For example, in April 2023, the household loan portfolio amounted to only UAH 205.4 billion. However, by the summer of 2023, the situation had stabilized. As a result, over two years, lending to individuals increased by one and a half times, while lending to businesses grew by a quarter.

Most loans are taken in hryvnias: 97% of household loans and 72% of business loans. Foreign currency loans for individuals remain minimal: only 3% (USD 239 million, or UAH 10 billion in hryvnia equivalent), with more than 90% of them classified as non-performing.

Unlike loans, the volume of deposits in Ukrainian banks continues to grow. As of early August 2025, bank clients had placed UAH 2.79 trillion in their accounts. This is 2.3 times more than the total amount borrowed in loans.

Businesses hold UAH 1.49 trillion in deposits (53%), while individuals hold UAH 1.3 trillion (47%). However, the growth rate of deposits has slowed down: at the beginning of the full-scale war, they were increasing by 30% per year, but now only by 11%.

Hryvnia deposits continue to grow steadily, while foreign currency deposits fell by 15% in the first months of the war. Today, however, they are above the July 2021 level: up 21% for businesses and 10% for individuals.

Overall, the share of foreign currency deposits stands at 28% for businesses and 34% for individuals as of August 2025. This means that over one-third of Ukrainians’ savings are still kept in foreign currency.