Which Banks Do Ukrainians Trust Most With Their Savings

The amount of individuals’ funds in deposit and savings accounts in Ukrainian banks continues to grow. As of May 2026, it reached UAH 1.68 trillion, which is UAH 40 billion, or 2.4%, more than a month earlier. As of June 1, the total amount of deposits of individuals, including individual entrepreneurs, had already exceeded UAH 1.7 trillion. Time for Action analyzed which banks accumulate the largest amounts of people’s funds, why the market remains concentrated, and what this trend says about Ukrainians’ trust in the banking system.

Deposit growth during wartime is an important signal for the financial market. Ukrainians are not only refraining from mass withdrawals from banks, but are also continuing to increase their savings in accounts. Over the year, the amount of deposits grew by almost UAH 260 billion, which indicates that the banking system remains liquid and that people are willing to keep money in financial institutions. At the same time, the deposit market remains highly concentrated. More than UAH 1.15 trillion, or about two-thirds of all household funds, is concentrated in only the five largest banks. The situation in the top three is even more telling: PrivatBank, Oschadbank and Universal Bank / monobank together accumulate more than UAH 1.04 trillion. This means that Ukrainians mostly choose large and recognizable banks. For depositors, the scale of the institution, stability, service convenience, state participation or a strong market reputation remain important.

PrivatBank remains the main center of household deposits. As of May 1, more than 24.2 million Ukrainians held UAH 648.2 billion in the bank. Over the month, PrivatBank’s deposit portfolio increased by UAH 19.9 billion, or 3.2%. This is the largest increase among the top five banks. Of the total amount of deposits in PrivatBank, UAH 171 billion in equivalent terms is held in foreign-currency deposits. This is more than 26% of all individuals’ funds in the bank. The average amount of funds per depositor is approximately UAH 26.7 thousand. The largest group remains clients with hryvnia deposits from UAH 10 thousand to UAH 200 thousand there are more than 19.5 million of them. At the same time, almost 6 thousand depositors keep more than UAH 5 million in the bank.

Oschadbank ranks second by deposit volume. More than 12.3 million Ukrainians keep UAH 247.5 billion there, of which UAH 54 billion is held in foreign-currency deposits. The share of foreign currency is almost 22%. Over the month, Oschadbank’s deposit portfolio increased by UAH 5.8 billion, or 2.4%. At the same time, the number of depositors decreased by approximately 268 thousand. This may indicate a change in the structure of the client base: the amount of funds is increasing, while some small or inactive accounts may have decreased. The average amount of funds per client is about UAH 20 thousand.

Universal Bank / monobank ranks third. More than 10.5 million clients keep UAH 148.1 billion there. The bank’s distinctive feature is the highest share of foreign-currency deposits among the top five. Foreign-currency deposits account for UAH 65.7 billion, or 44.3% of the deposit portfolio of individuals. This points to a different profile of the client base: monobank users more actively keep part of their funds in foreign currency. Over the month, the bank’s deposit portfolio increased by UAH 3 billion, or 2.1%, while the number of depositors grew by 77 thousand. The average amount of funds per client is about UAH 14 thousand.

A-Bank holds the fourth position by the number and volume of deposits among the mentioned institutions. 4.26 million Ukrainians keep almost UAH 32 billion in the bank. Over the month, the amount of deposits increased by UAH 772 million, or 2.5%, while the number of depositors grew by more than 40 thousand. The average amount of funds per client is UAH 7.5 thousand the lowest figure among the top five banks. This structure indicates a mass retail nature of the client base: many depositors, but small average balances.

PUMB closes the top five. As of the beginning of May, 3.75 million Ukrainians kept UAH 78.3 billion in the bank. Over the month, the deposit portfolio increased by UAH 2.1 billion, or 2.8%, while the number of depositors grew by 52 thousand. The average amount of funds per client is UAH 20.9 thousand.

It is also worth noting that more than 1 million depositors are also served by Raiffeisen Bank, Sense Bank, Ukrsibbank, Ukrgasbank, OTP Bank and VST Bank. This means that outside the top five, there is also a significant client base, although by the volume of funds the leaders are far ahead of the rest of the market. Weighted average rates on fixed-term hryvnia deposits for individuals in June 2026 are 13–14.5% per year. For some depositors, this remains an understandable way to preserve money and receive predictable income. Especially given that the most common in large banks are hryvnia deposits from UAH 10 thousand to UAH 200 thousand.

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Ukraine’s deposit market is showing steady growth, but remains dependent on several largest banks. The population continues to trust the banking system, but this trust is mostly concentrated around large state-owned and systemic institutions. PrivatBank retains undisputed leadership by the amount of funds and the number of depositors. Oschadbank holds second place thanks to its large client base. monobank demonstrates a strong position among digital banks and stands out with a high share of foreign-currency deposits. The growth of deposits above UAH 1.7 trillion shows that banks remain the main place for Ukrainians to store their savings. For the financial system, this is a positive signal, but the high concentration of funds in several institutions also shows that public trust is distributed unevenly, and banks with scale, reputation and a stable market presence have the greatest advantage.