Improved Deposit Rates Expected in Q2 2026
April 8, 2026 at 06:10
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✦ AI Summary
- Deposit rates may rise significantly by 2026
- Inflation-adjusted returns are predicted to improve
- Public trust in hryvnia deposits remains strong
In Q2 2026, average rates on hryvnia deposits are projected to increase. According to Sergey Mamedov, Vice President of the Ukrainian Banks Association and Chairman of Globus Bank, banks will closely monitor the refinancing rate, which directly influences market interest rates. He forecasts that this rate could reach up to 16% in the coming months, potentially boosting deposit yields.
Furthermore, Mamedov highlighted an upward trend in customer engagement with deposit programs, evidenced by a growth of 4.1 billion UAH in personal hryvnia deposits in February, totaling nearly 350 billion UAH. Currently, about 70% of deposits are in hryvnia, reflecting substantial public confidence in this savings option.
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