Banking sector liquidity supported by the NBU

Banking sector liquidity supported by the NBU



4 грудня 2014 года
ICU

The NBU supported liquidity on Tuesday, causing broader banking sector liquidity to recovery yesterday, as it rose UAH2.12bn to UAH47.45bn. Banks' correspondent accounts with the NBU increased UAH1.89bn to UAH27.62bn and total CDs outstanding increased UAH0.24bn to UAH14.50bn, while total debt repayments scheduled for the next 30 days remained steady at UAH5.33bn. Despite the recovery in liquidity, KyivPrime interest rates significantly increased: the KyivPrime ON interest rate rose 130bp 12.70% while KyivPrime 1M interest rate was up a less significant 60bp to 17.60%.

Investment implications: The NBU increased its ON loans by UAH1.00bn to UAH1.49bn on Tuesday, providing banks with nearly half of the funds to yesterday's liquidity indicators increase. Liquidity also recovered after month-end tax payments finished last week.

Источник: ICU

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