Ukrainian banks are beginning to lower rates on deposits, reported representatives of financial institutions.
In view of the stabilization of the financial market rates on deposits have been overstated. The trend towards a gradual reduction of deposit rates, the level of which is in line with the cost of resources. Until the fall of interest rates for annual deposits in UAH in excess of 19%, will drop to 2 ,5-3% rate in the U.S., more than 11% - on 1,5-2%, - said the first deputy chairman of the board Prominvest (Kiev), Viacheslav Yutkin.
Today, inflation is at a level that allows us to make predictions - the rates (on deposits - IF) will not grow. Inflation in May was 0.5%, there are grounds for a reduction in interest rates if inflation is under control , - said the head of Raiffeisen Bank Aval (Kiev), Vladimir Lavrenchuk.
In June and July will continue the trend begun in May to lower deposit rates for the population. At present, most significantly - by 0.5% per year - reduced rates on deposits in UAH for a period of three months to a year. However, short-term deposits - up to one month - this trend has not yet been touched. This trend is observed for deposits in the U.S.: returns on deposits in dollars for three months fell to 0.15% per annum for six months and a year - to 0.20% - said Chairman of the Board of VAB Bank (Kiev), Peter Baron.
According to him, the deposit rates, sharply increased in the period of the banking crisis, has gradually come to the balanced value.
Overall, the banking system indicates the inflow of deposits, indicating a return of public confidence in the banks. In the crisis period the interest rates on deposits have been overstated, which is not always consistent with the real capacity of most banks, and now rates are slowly beginning to move towards real - said the banker.
As stressed
P. Baron, a decline the National Bank of Ukraine discount rate to 11% per annum may also be an indirect factor in reducing the rates on deposits.
Reducing the discount rate for banks to lower the costs of resources and will be an additional positive signal for the market, indicating a possible reduction of the deposit or lending rates, - he said.
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