Despite difficult war conditions and seasonal fluctuations, the banking system of Ukraine demonstrates a high level of liquidity. In January 2024, the volume of hryvnia funds in individuals' accounts increased by 0.1%, which contrasts with the decrease recorded in the same period last year. These data confirm the stability of the financial sector and the public's trust in banking institutions.

As reported by the press service of the National Bank of Ukraine, annual tax payments traditionally cause seasonal outflows of funds from business accounts. However, this time it did not affect the overall liquidity of banks. Similar trends were observed in the pre-war years, when after active financial activity at the end of the year, there was a temporary reduction in account balances in January.

At the end of 2024, the volume of hryvnia funds in individuals' accounts in banks increased by 12%, while business deposits increased by 19%. Such dynamics indicate an increase in confidence in the banking system and the stability of the financial sector. Analysts predict that this trend will continue in 2025, and the volume of deposits will continue to grow.

As of early February, the total volume of hryvnia funds of customers in banking institutions reached UAH 1.8 trillion, which is twice as much as at the beginning of the full-scale invasion. This indicates the effectiveness of measures to support financial stability introduced by the regulator and banking institutions.

Despite difficult conditions, including military threats, missile strikes and energy attacks, the banking system continues to function stably. All banks comply with short-term and long-term liquidity standards, and the volume of highly liquid assets exceeds the pre-war level. This allows banks to smoothly fulfill their obligations to customers and ensure stable financial activities.

At the same time, the increase in the discount rate in December and January, as well as new requirements for mandatory reserves, will contribute to the growth of interest rates on hryvnia deposits. This will help to more effectively protect citizens' savings from inflation and increase the attractiveness of hryvnia financial instruments. A stable inflow of funds to banks creates additional opportunities for lending and investment, which will contribute to economic recovery and strengthen the country's financial stability.