Banks boost financing of economy

2011-11-04 17:15:51

In the first nine months of 2011 the total amount of loan resources provided by banks to the economy of Ukraine, as of the end of September 2011, increased in comparison with the beginning of the year by 9.3% or UAH 67.6 billion, amounting to UAH 791.6 billion (USD 1 - UAH 7.98).

According to First Deputy Minister of Economic Development and Trade Vadym Kopylov, the resumption of lending has contributed to the growth of business activity.

Also, he said that construction works in January-September amounted to 11.4% (compared with a decrease of 12.6% over the same period last year), freight traffic - 8.4%, cargo turnover - 7.4%, retail trade turnover - 15.2%.