CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

Table 2.6 Dynamics of deposits of non-financial corporations and households in Ukraine by currency Indicators December 2017 December 2018 Balances at the end of the period, in UAH billion Change on an annualized basis,% Balances at the end of the period, in UAH billion Change on an annualized basis,% Deposits of non-financial corporations: 344 9,4 342 0,5 in UAH 211 9,2 222 5,3 ɭ dollars USA 102 10 84 -16,7 in euros 28 34,2 34 34,7 Household deposits: 495 10,2 530 8,1 in UAH 252 20,4 289 14,6 ɭ dollars USA 203 2,5 202 0,9 in euros 38 -2,2 37 3,2 Note: compiled by the authors on the basis of statistical data of the National Bank of Ukraine Since 2017, there is a noticeable trend towards a significant increase in the volume of deposits in Ukraine for more than two years. Thus in 2017, the change in deposits on an annual basis was 9% for non-financial corporations and 10% for households (National Bank). In 2018 the average interest rate on new deposits for non-financial corporations in Ukraine was 14.47% in UAH, in US dollars — 2.75%, in EUR — 1.38%, and for outstanding deposits — 12.15% in UAH, 3.13% in US dollars and 2.04% in EUR. For households, the amount of interest rates on deposit accounts differs: for new deposits — 11.75% in UAH, 2.79% in US dollars and 1.09% in EUR; for outstanding deposits — 11.82% in UAH, 3.47% in US dollars and 2.20 % in EUR (National Bank). So, in Ukraine, bank deposits do not provide investment opportunities for households and non-financial corporations. This is why the use of new specific tools, such as crowdlanding and crowdinvesting, will ensure the diversification of temporarily available financial resources of households 78