This is reported by RBK-Ukraine referencing the Survey on Bank Lending Conditions by the NBU (Q1 2025). This information is provided by 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 population and increased the amounts of consumer loans. They also softened the credit standards for consumer loans. This was aided by intense competition between banks and non-bank financial institutions.
Bank estimates indicate that the demand for consumer loans from the population grew throughout 2024. Improved consumer sentiment and higher spending on durable goods boosted the demand for consumer loans.
However, some banks noted a cautious demand for loans from the population due to competition from other banks, while an increase in savings dampened clients' interest in consumer loans. In January - March, respondents expect the demand for consumer loans to remain unchanged.
The current survey on bank lending conditions was conducted from December 16, 2024, to January 10, 2025, among credit managers of banks. Responses were provided by 26 financial institutions, which account for 96% of the total assets in the banking system. The results of the survey reflect the opinions of the respondents and are not assessments or forecasts by the National Bank.
It is worth noting that the net credit 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 the annual income of the population is only 10%