In January 2005, funds placed by individuals in bank accounts in hryvnias and foreign currency increased by 2.635 billion hryvnias (6.3%) to 44.286 billion hryvnias as of February 1, 2005, reports "Ukrainian News". \n \nIn particular, hryvnia deposits in banks in January increased by 1.469 billion hryvnias (6.6%) to 23.625 billion hryvnias as of February 1, 2005. According to the NBU, the average interest rate on time hryvnia deposits (monthly average) in January remained at 13.1%. \n \nDeposits of legal entities (hryvnia and foreign currency) in January decreased by 0.901 billion hryvnias (2.2%) to 40.586 billion hryvnias as of February 1, 2005. \n \nRecall that in 2004, household deposits in banks increased by 9.228 billion hryvnias, or by 28.5% from 32.429 billion hryvnias as of January 1, 2004 to 41.657 billion hryvnias as of January 1, 2005.