Lending to businesses and households in Ukraine continues to show steady growth.
This is evidenced by updated operational data on key banking performance indicators released by the National Bank of Ukraine.
In May 2026, net hryvnia-denominated loans to businesses and non-bank financial institutions at solvent banks increased by 30% year-over-year. At the same time, the volume of net hryvnia-denominated loans to households rose by 36% compared to the same period last year.
The National Bank emphasizes that to accurately assess lending activity, it is advisable to analyze net loans based on supervisory statistics. The decline in the gross loan portfolio is due to state-owned banks writing off more than 170 billion hryvnia in old non-performing loans in December 2025. This factor continues to affect statistical indicators but does not indicate a decrease in new lending volumes.
Operational data also confirm continued growth in customer deposits within the banking system. In May, the volume of hryvnia deposits in individual accounts increased by 19% year-over-year, while deposits from businesses and non-bank financial institutions rose by 17%.
These figures indicate that the banking sector’s lending activity remains high and that customer confidence in the banking system is strong, even during wartime.
The NBU also noted that the preliminary data may be revised in line with the figures in banks’ quarterly and annual reports.
