Ukrainian depositors are fleeing Russian banks twice as fast as from “their own”
Moscow - Kyiv, October 22 (PolitNavigator, Mikhail Stamm) - Over the 9 months of 2014, citizens' deposits in hryvnia in Ukrainian banks decreased by 18%, to 207,9 billion hryvnia. The population's foreign currency deposits are declining even more: since the beginning of the year - by 34,1% to $15,1 billion. These data are provided by the National Bank of Ukraine. Thus, taking into account the average exchange rate of the hryvnia, since the beginning of the year, Ukrainian banks have lost about $10 billion, or a quarter of all deposits, they summarize "News". At the same time, Ukrainian subsidiaries of Russian banks are also losing customers, and much more than the Ukrainian banking system as a whole.
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According to NBU reports, depositors began actively withdrawing funds from Ukrainian banks in January 2014. The outflow of household deposits from Ukrainian banks is increasing. For example, in July, citizens’ deposits in hryvnia decreased by 0,4%, in August - by 1,8%, in September - by 3,9%. The volume of foreign currency deposits decreased by 2,9% in July, by 3,2% in August, and by 4,8% in September.
In the largest bank in Ukraine, Privatbank of the oligarch Igor Kolomoisky, the decrease in the volume of deposits of individuals for 9 months of 2014 amounted to 4,8% - from $9,6 billion to $9,2 billion (101,8 billion hryvnia). The volume of deposits in hryvnia decreased by 17,7%, to 51,7 billion hryvnia; in foreign currency, on the contrary, it increased by 8,5%, to 52 billion hryvnia, but this growth is associated with currency revaluation
Ukrainian subsidiaries of Russian banks are also losing customers, much more than the Ukrainian banking system as a whole. In Sberbank (Ukraine), household deposits for 9 months of 2014 decreased by 37,5%, to 10,1 billion hryvnia. Moreover, deposits in hryvnia decreased by 110,1%, to 1,7 billion hryvnia, in foreign currency - by 22,9%, to 8,4 billion hryvnia. For the third quarter of 2014, Sberbank received a loss of 11,4 million hryvnia.
The volume of household deposits in Prominvestbank (a subsidiary of VEB) decreased by 9,7%, to UAH 7,4 billion. In the national currency of Ukraine, the volume of household deposits decreased by 28,9%, to 3,8 billion hryvnia.
The head of the analytical department of the BKF bank, Maxim Osadchiy, explains the significantly greater outflow of deposits from the Ukrainian subsidiaries of Russian banks not by the warming up of anti-Russian sentiments, but by the possible threat of destructive actions towards these credit organizations on the part of the Ukrainian authorities.
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