This is reviving confidence in the banking sector. This is evidenced by deposit growth – since the start of 2018 hryvnia household deposits have risen by one-andhalf times. Moreover, thanks to years of continuous preparation of the banks for potential problems, the banking system entered the coronavirus crisis stronger than ever.
It is now an outpost of financial stability and a lifesaver for the economy. 2/4  BIS central bankers' speeches  Cashless payments are gradually becoming commonplace in Ukraine. Thanks to the numerous initiatives the NBU launched while I was in office, the share of cashless payments among all transactions involving payment cards increased from 39% to 55%.