Banking loans, deposits remain weak in May



19 червня 2012 года
Конкорд Капитал

Banking sector loan growth slowed to 4.0% yoy in May, from 5.3% yoy a month before, the National Bank of Ukraine said yesterday. Retail portfolios continue to shrink (-7.9% yoy in May vs -7.1% in April), while corporate accounts grew 8.3% yoy in May vs 9.9% yoy in April. Deposits decreased 0.8% mom due to a 2.3% mom decline in corporate accounts, which was partly due to companies paying corporate income tax in May. In annual terms, deposit growth remains strong at +11%.

Banking sector loans and deposits, USD bln
May 2012 mom yoy
Total loans 98.9 -0.5% 4.0%
corporate loans 75.5 -0.4% 8.3%
retail loans 23.5 -0.8% -7.9%
Total deposits 62.4 -0.8% 11.0%
corporate deposits 20.6 -2.3% 5.6%
retail deposits 41.7 0.0% 13.8%
Source: NBU

Olena Zuikova: May’s data on banks from the NBU supports our view that lending will remain weak this year due to problems with liquidity and a lack of creditworthy borrowers. We see full year loan book growth at 5%. Deposit growth should remain robust at around 11% through end-2012.

Источник: Конкорд Капитал

Аналитик: Алёна Зуйкова


Компании

все компании