This is reported by RBK-Ukraine citing the Survey on Banking Lending Conditions by the NBU (Q1 2025). This information comes from Kontrakty.UA.
According to banks' assessments, the debt burden on households remains low. Throughout 2024, the proportion of respondents who rated the debt burden on households as low was significantly higher than in 2023.
In Q4 2024, banks reduced the cost of loans to the public and increased the amounts of consumer loans. Banks have eased the credit standards for consumer loans. This was facilitated by active competition among banks and non-bank financial institutions.
Bank estimates indicate that the demand for consumer loans from the public grew throughout 2024. Improved consumer sentiment and higher spending on durable goods boosted the demand for consumer loans.
However, some banks noted cautious demand for loans from the public due to competition from other banks, while increased savings dampened client interest in consumer loans. In January-March, respondents expect no change in the demand for consumer loans.
The current survey on banking lending conditions was conducted from December 16, 2024, to January 10, 2025, among bank credit managers. Responses were provided by 26 financial institutions, which account for 96% of the total assets of the banking system. The survey results reflect the opinions of respondents and are not assessments or forecasts of the National Bank.
As a reminder, the net loan portfolio of banks for the population increased by 62 billion hryvnias, or by 39%, in 2024. The ratio of retail loans from banks and non-bank financial institutions to annual household income is only 10%.