Ukrainians' deposits increased by 17%: how savings have changed during the war

Ukrainians' deposits increased by 17%: how savings have changed during the war

According to ХВИЛЯ: Real incomes of Ukrainians are rising against the backdrop of increased salaries and slowing inflation, allowing for more active savings. According to the National Bank of Ukraine, since the beginning of the full-scale invasion, the number of deposits in Ukraine has increased by 17%. The average size of deposits has jumped by 63%, indicating a rise in the financial activity of the population.

The deposit portfolio of Ukrainians shows a shift towards larger sums. Over half of the deposit portfolio consists of large deposits exceeding 600,000 hryvnias. This indicates that Ukrainians who have the means are choosing more significant financial instruments to preserve their savings.

Increase in investments in bonds and deposit rates

In addition to deposits, the population's investments in hryvnia bonds of the internal state loan (OVDP) have also increased. Over the past year, the amount of such investments has grown by 25 billion hryvnias. At the same time, the increase in hryvnia deposits during the same period accounts for over 50% of investments in hryvnia OVDP, highlighting the competition between these instruments.

With the slowdown in inflation, current deposit rates will provide increasingly higher real returns, enhancing the attractiveness of deposits. This, in turn, may promote further growth of the deposit portfolio of Ukrainians. Thus, against the backdrop of economic changes, Ukrainians continue to adapt their financial strategies, choosing the most beneficial instruments for saving and accumulating funds.

The increase in deposits of Ukrainians during the war reflects not only the financial activity of the population but also adaptation to new economic realities. The resilience of the financial system and the slowdown in inflation allow citizens to seek ways to preserve their savings, which can positively impact the stability of the economy as a whole.

This also confirms the importance of financial literacy and access to various investment instruments, as Ukrainians increasingly strive to protect their finances in conditions of uncertainty.