The large-scale Russian invasion practically destroyed the demand for foreign currency loans, contributing to the shift towards domestic currency loans, which is a good indicator for the economy, a declared the senior director of the NBU, Pervin Dadashova.
She noted that previously the main motive for foreign currency loans was the decline in interest rates for such loans, which led to problems in the absence of real needs and foreign currency income.
Dadashova noted that the loan portfolio has recently stabilized and returned to slight growth. Now the banks face the task of making up for their losses suffered during the war, which amount, by various measures, to around 15%.
“The quality of the loan portfolio is normal and even better than before the war. That is to say, banks are not exposed to as much credit risk as they were a few months ago,” the financial expert underlined.
She clarified that so far, the low growth observed in the loan portfolio is mainly linked to growth under state support programs.
2023-11-15 08:55:10
#war #destroyed #foreign #currency #loans #Ukraine
![“Thom’s band [Yorke] had a keyboard player who I don’t think … was much good, so … when we started rehearsing 15 years ago, I’d turn my treble down and play really, really quietly, so you could hardly hear it,” Greenwood confessed.](https://i0.wp.com/media-manager.starsinsider.com/1280/na_654114b472d42.jpg?resize=150%2C150&ssl=1 "“Thom’s band [Yorke] had a keyboard player who I don’t think … was much good, so … when we started rehearsing 15 years ago, I’d turn my treble down and play really, really quietly, so you could hardly hear it,” Greenwood confessed.")
