Deposits held by individuals and private entrepreneurs in Ukrainian banks continue to grow. By the beginning of May, the total amount reached the equivalent of one point six eight trillion hryvnias, after a significant increase during April, according to the Deposit Guarantee Fund.
The data show that households still prefer savings in national currency. Hryvnia deposits account for the largest share, while foreign-currency deposits also increased in equivalent terms.
Why the figure matters
Deposit growth is a signal of liquidity and trust in the banking system. Even during wartime, households and small businesses keep using banks as a place to store operating reserves and savings. For financial institutions, this creates a stable funding base.
Private entrepreneurs form a smaller share of all depositors, but a much larger share of total funds. This reflects the role of small business accounts in day-to-day economic activity and payment flows.
Guarantees support confidence
Ukraine continues to apply full deposit guarantees for individuals and private entrepreneurs during martial law and for a transition period after it ends. Later, compensation limits will return to a fixed framework.
For the economy, the main point is not only the nominal record. Growing deposits show that the banking system remains functional, trusted and capable of absorbing household liquidity despite uncertainty. That confidence is essential for lending, payments and the broader recovery cycle.
