Monetary base in Ukraine in November 2012 shrank by 2.9%, to Hr 238.6 billion, while monetary stock fell by 0.2%, to Hr 727.95 billion, according to the National Bank of Ukraine.
“Monetary base shrank by 2.9% over the month (it has shrunk by 0.5% since the year’s start), to Hr 238.6 billion. Monetary stock decreased by 0.2% over the period under review (it has increased by 6.2% since the year’s start), to Hr 727.95 billion,” the NBU said in a statement.
The amount of off-bank cash in November 2012 dropped by 2.1% (by 0.9% since the year’s start), to H 190.9 billion, the NBU said.
The credit balance in November 2012 rose by 1.1%, or Hr 8.5 billion (by 2.9% since the year’s start), to UAH 816.7 billion.
Last month credits issued to legal entities rose by 1.5% (by 5.9% since the year’s start), to Hr 632.1 billion, while credits provided to individuals decreased by 0.5% (by 5.9% since the year’s start), to Hr 184.6 billion.
The total amount of the balance on deposit accounts in the banking system in November 2012 grew by 0.5%, or Hr 2.4 billion (by 9.2% since the year’s start), to Hr 534.3 billion.
The growth of funds on individuals’ deposit accounts in November 2012 was 1.6% (by 16.5% since the year’s start), to Hr 358.2 billion, while legal entities’ deposits shrank by 1.8% (by 3.1% since the year’s start), to Hr 176.1 billion.
According to the NBU, funds at banks’ correspondent accounts decreased by 4.7% over the month (they have grown by 4.8% since the year’s start), to Hr 23 billion.
The amount of obligatory reserves in November 2012 was Hr 20.2 billion, including Hr 6.4 billion stored at a special account at the NBU.
The refinancing of banks by the NBU in November 2012 amounted to Hr 14.8 billion (Hr 89.4 billion since the year’s start). The average weighted interest rate on these operations was 8.2% per annum (8.16% since the year’s start). Simultaneously, the amount of mobilization operations by the central bank stood at a mere Hr 43 million (Hr 16.4 billion since the year’s start). The average weighted interest rate on such operations was 2.53% (2.62% since the year’s start).
The amount of the Ukrainian government’s funds in the national currency on accounts at the NBU in November grew by almost five times, to Hr 8.9 billion (by 4.2 times since the year’s start).
The NBU also reported that the average weighted rate on credits in the national currency in November 2012 grew to 23.4% per annum from 21.81% per annum in October 2012. The rate on credits in foreign currency rose to 8.75% per annum from 8.22% per annum. The average weighted rate on deposits in hryvnias climbed to 18.67% per annum from 17.55% per annum in October 2012, that on deposits in foreign currency dropped to 6.31% per annum from 6.41% per annum.
The cost of resources in the national currency on the interbank credit market decreased to 23.3% per annum from 24.54% per annum in October 2012.
The official forex rate as of December 7, 2012, was Hr 7.993 per US dollar
