Despite the prolonged war, Ukrainians are increasing their trust in the banking system, as evidenced by the rise in deposit volumes in the country’s financial institutions. As of early March 2026, the total amount of deposits from individuals and sole proprietors reached 1,651.0 billion UAH, which is over 38 billion UAH more compared to the previous month.
This is reported by Finway
“As of the end of February 2026, the total amount of deposits from individuals and sole proprietors in Ukrainian banks increased by over 38 billion UAH, reaching 1,651.0 billion UAH”.
Currency Structure of Bank Deposits
Ukrainians traditionally prefer to keep their funds in the national currency. As of March 1, 2026, deposits in hryvnias amounted to 1,083.0 billion UAH, accounting for 65.6% of the total volume. Over the month, hryvnia deposits increased by 25.2 billion UAH. Deposits in foreign currency are equivalent to 568.0 billion UAH (34.4%), which also reflects stable growth — they were replenished by 12.9 billion UAH in February.
Trust in Banks and Types of Deposits
The structure of trust in banks remains unchanged: state banks hold the lead, accumulating 60.33% of all funds from Ukrainians. Private capital banks retain 22.01%, while foreign banking groups account for 17.66% of deposits. The majority of funds (70.82%) are placed in current accounts and demand deposits, indicating the population’s desire for flexibility in managing finances. Time deposits make up 29.18% of all deposits, with short-term deposits (up to 3 months) remaining the most popular at 17.72%.
In terms of deposit sizes, most depositors (57.89%) hold amounts ranging from 10,000 to 200,000 hryvnias in their accounts. At the same time, large accounts (over 5 million UAH) account for 16.31% of the total deposit amount, although such clients make up only 0.03%. Individual entrepreneurs play a special role: they comprise only 3.2% of the total number of depositors but control 11.2% of the deposit portfolio, amounting to 184.7 billion UAH.
During the period of martial law and for three months after its conclusion, the state guarantees full reimbursement of deposits for both individuals and sole proprietors. After this period, the maximum guarantee amount will be limited to 600,000 hryvnias.
It is worth noting that back in November 2025, the volume of deposits from Ukrainians in banks first exceeded 1 trillion UAH, and this positive trend continues.