Liquidity declines despite inflows

Liquidity declines despite inflows



23 січня 2015 года
ICU

Broader banking sector liquidity fell UAH1.73bn to UAH63.52bn yesterday as banks' correspondent accounts with the NBU declined UAH1.87bn to UAH32.33bn while total CDs outstanding rose UAH0.770bn to UAH24.61bn. Total local currency debt repayments scheduled for the next 30 days were down UAH0.63bn to UAH6.58bn. KyivPrime interest rates slightly diverged as the KyivPrime ON interest rates slid 13bp to 11.00% while the KyivPrime 1M interest rate remained steady at 18.25% yesterday.

Investment implications: The MoF's UAH0.63bn debt repayments and the NBU's 13-day loans were insufficient to cover outflows. On Wednesday, banks repaid UAH1.0bn of loans to the NBU with UAH0.70bn of newly issued NBU loans covering only part of this outflow. Funds repaid by the MoF were absorbed by the NBU as it increased CDs outstanding. Of the UAH1.73bn of liquidity decline, only a small part was absorbed by the NBU.

Источник: ICU

Другие обзоры облигаций от ICU


Компании

все компании