Businesses and housholds have been increasing the volume of loans in hryvnia for more than a year, and rates have decreased to 2019’s level.

In the second quarter, the net hryvnia commercial credit portfolio increased by 20.5% year-on-year, according to the National Bank. Business lending accelerated in all groups of banks, especially in the segment of small and medium enterprises (SMEs). Net hryvnia loans to SMEs grew by more than…