The Association of Ukrainian Banks estimates the volume of bank deposit outflow during the period of financial instability in November-December 2004 at over UAH 4 billion. This was stated by AUB President Oleksandr Suhoniako, according to "Ukrainian News."\n\nAccording to him, the 7 largest Ukrainian banks lost about UAH 3.7 billion in deposits during this period, while other banks lost about UAH 0.4 billion.\n\nAccording to the Association's data, demand deposits of individuals, which stood at UAH 8.704 billion as of October 1, 2004, decreased to UAH 8.538 billion as of November 1, 2004, to UAH 7.794 billion as of December 1, 2004, and to UAH 6.938 billion as of January 1, 2005.\n\nTime deposits of individuals, which stood at UAH 30.171 billion as of November 1, 2004, decreased to UAH 29.15 billion as of December 1, and to UAH 29.054 billion as of January 1, 2005.\n\nDemand deposits of legal entities, which stood at UAH 25.063 billion as of October 1, 2004, decreased to UAH 23.308 billion as of November 1, 2004, increased to UAH 23.695 billion as of December 1, and decreased to UAH 22.755 billion as of January 1, 2005.\n\nTime deposits of legal entities, which stood at UAH 15.323 billion as of November 1, 2004, decreased to UAH 15.0 billion as of December 1, and increased to UAH 15.635 billion as of January 1, 2005.\n\nRecall that since the beginning of 2005, according to National Bank data, the deposit outflow has been replaced by an inflow. In particular, according to NBU data, bank deposits of legal entities as of January 10, 2005 increased by UAH 1 billion compared to December 1, 2004, while deposits of individuals increased by UAH 300 million during this period (deposits of legal entities as of December 1, 2004 amounted to UAH 41.3 billion, individuals - UAH 42.9 billion).
The crisis led to an outflow of UAH 4 billion in bank deposits
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