Liquidity down significantly

Liquidity down significantly



9 грудня 2014 года
ICU

Banking sector liquidity fell UAH3.09bn yesterday to UAH44.59bn, this month's low, as banks' correspondent accounts with the NBU declined UAH2.93bn to UAH25.94bn and total CDs outstanding were down UAH0.69bn to UAH13.88bn. Total debt repayments scheduled for the next 30 days rose UAH0.53bn to UAH4.77bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 15bp to 13.25% while the KyivPrime 1M interest rate remained steady at 18.00%.

Investment implications: Although the NBU issued UAH2.62bn of additional loans and redeemed UAH0.69bn in CDs, banks' correspondent accounts fell UAH2.93bn, causing liquidity to decline about UAH6.0bn, similar to the December prepayment for Russian gas supplies paid by Naftogas (US$378m at the official exchange rate equates to UAH5.8bn).

Источник: ICU

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