Liquidity declines significantly

Liquidity declines significantly



28 листопада 2014 года
ICU

Broader banking sector liquidity continued its decline yesterday, falling UAh2.11bn to UAh49.05bn, the lowest level in the last ten days. Banks' correspondent accounts with the NBU slid only UAH0.22bn to UAH26.12bn yesterday, after receiving significant injections from the NBU and the MoF. Total CDs outstanding were down UAH1.28bn to UAH18.11bn and total debt repayments scheduled for the next 30 days decreased UAH0.61bn to UAH4.82bn. KyivPrime interest slightly diverged: the KyivPrime ON interest rate rose 13bp to 11.13% and the KyivPrime 1M interest rate remained steady at 17.00%.

Investment implications: Banks received UAH1.28bn of CD redemptions and UAH0.61bn in debt repayments, but the NBU significantly decreased its loans to banks by a net of UAH0.73bn with ON loans down by UAH0.95bn as it issued UAH0.22bn in 13-day loans. As a result, liquidity declined due to the NBU's absorption, but liquidity also could have declined due to month-end tax payments.

Источник: ICU

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