Liquidity declines despite inflows

Liquidity declines despite inflows



5 грудня 2014 года
ICU

Banks' correspondent accounts with the NBU recovered UAH0.86bn to UAH28.48bn yesterday, while total CDs outstanding slid UAH0.29bn to UAH14.21bn and total debt repayments scheduled for the next 30 days declined UAH1.09bn to UAH4.25bn. As a result, broader banking sector liquidity fell just UAH0.52bn to UAH46.93bn. KyivPrime interest rates slightly declined: the KyivPrime ON interest rate slid 3bp to 12.67% while the KyivPrime 1M interest rate fell 27bp to 17.33%.

Investment implications: Yesterday's increase in banks' correspondent accounts with the NBU was caused by significant inflows of UAH1.09bn from the MoF and UAH1.14bn from the NBU. However, the increased volume of NBU loans did not prevent liquidity from declining slightly.

Источник: ICU

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