Credit in Ukraine is growing at record rates: what is happening with banks

Loans in the banking sector continue to develop actively, as shown by the Review for Q3 2025. Lending to enterprises has increased by 8.4% of GDP for businesses and 3.2% for the population. Banks provide loans to various sectors, including trade, finance, machine engineering, agriculture, energy, and food industry.

Currently, the credit portfolio is growing, with state banks acting particularly quickly. Loans for the defense-industrial complex have already reached 5 billion UAH, while risky loans to the population remain popular.

As of now, banks are observing an increase in the retention of government bonds (OVDP) in their portfolios, while the volumes of deposit certificates are decreasing. Personal deposits are rising, with fewer people preferring to place them in dollars.

Interest rates on loans remain stable, and in many cases, have even decreased. The banking sector remains profitable, primarily due to interest income from loans.

According to the Banking Sector Review, loans in banks continue to grow, especially actively provided loans to enterprises and the defense-industrial complex. At the same time, investment in government securities is increasing, while the level of dollarization of deposits is decreasing. All this indicates stable and profitable development of the banking sector in Ukraine.