The banking system is increasing its liquidity reserves: savings of Ukrainians have increased.

According to the press service of the National Bank, the banking system of Ukraine is increasing its liquidity reserves.

Data indicates that in February, the hryvnia savings of individuals increased by 2.3%, and the hryvnia funds in business accounts also increased by 2.3%. This helped recover a large portion of the funds that had flowed out of accounts in January.

This trend continues according to preliminary observations: cash inflows to customers' accounts increase at the end of the year and then decrease at the beginning of the following year. This decline is quickly compensated for and has no negative impact on the liquidity of the banking system.

Banks meet the requirements for short-term and long-term liquidity, and the volumes of high-quality liquid assets exceed the indicators that existed before the conflict.

At the beginning of March, the hryvnia funds of clients in the banking system amount to 1.9 trillion hryvnias. Since the beginning of the conflict, this figure has doubled, indicating a significant increase in savings.

These financial resources are important as they create a foundation for expanding investment opportunities and lending by banks. These changes in the financial sector should contribute to the recovery of the Ukrainian economy and strengthen its defense capability.

It is worth noting that the National Bank has recorded an acceleration of inflation in February.