In August 2025, banks in Ukraine demonstrated significant growth in lending volumes for both businesses and individuals in the national currency. Year-on-year, gross loans to the corporate sector in hryvnias increased by 19.3%, while loans to individuals rose by 25.3%. In comparison, in July, these rates were 17.6% and 24.5% respectively. It is important to note that gross loans also include non-performing loans, which accounted for 26.1% at the end of July.
This is reported by Finway
Growth of Net Loans and Decrease in Dollarization
The main driver of the market has been net loans: in August, net loans to businesses in hryvnias increased by 33.7% compared to the same period last year, while loans to individuals rose by 33.3%. In contrast, the growth of net loans for businesses in foreign currency was only 6.7% year-on-year. This indicates a shift in businesses towards hryvnia loans due to more favorable lending conditions, which gradually reduces the level of dollarization in the banking portfolio.
“Businesses are increasingly choosing hryvnia loans due to more accessible terms, which reduces the level of dollarization in the loan portfolio. Active lending supports the assets and profitability of the banking sector.”
Resilience of the Banking System and Forecasts for 2025
Experts predict that high growth rates in lending will continue until the end of 2025. This year’s assessment of banks confirmed a sufficient level of resilience and capitalization of the financial system. Despite a temporary reduction in hryvnia balances in enterprise accounts in August, bank liquidity remained stable, providing reliable support for the economy in challenging conditions.