Liquidity falls significantly

Liquidity falls significantly



27 жовтня 2014 года
ICU

Broader banking sector liquidity fell UAH4.09bn to UAH44.77bn last Friday as banks' correspondent accounts with the NBU declined UAH2.12bn to UAH26.60bn and total CDs outstanding were down UAH1.98bn to UAH12.93bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.25bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 10bp to 9.80% while the KyivPrime 1M interest rate held steady at 16.35%.

Investment implications: Liquidity fell likely due to month-end tax payments and the lack of NBU support. This week we will see liquidity remain low and possibly decline further if the NBU provides no new support.

Источник: ICU

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