Liquidity down

Liquidity down



6 лютого 2015 года
ICU

Broader banking sector liquidity fell to this month's low of UAH58.67bn yesterday, down UAH2.93bn. The MoF repaid UAH2.63bn in local currency, decreasing total local currency debt repayments scheduled for the next 30 days to UAH5.87bn. Banks' correspondent accounts with the NBU fell UAH1.50bn to UAH29.12bn. Only total CDs outstanding rose UAH1.20bn to UAH23.68bn. KyivPrime interest rates slightly rose: the KyivPrime ON interest rate rose 80bp to 13.00% while the KyivPrime 1M interest rate rose 93bp to 19.63%.

Investment implications: The NBU issued UAH1.03bn of loans on Wednesday, including UAH0.40bn of 44-day loans to 11 banks and UAH0.63bn of ON loans, while banks repaid UAH0.50bn of ON loans that day. This UAH0.53bn of additional loans and the MoF's UAH2.36bn in local currency debt repayments came out of liquidity. These funds the most likely were spent at the FX market before the new regulations took effect, decreasing the risk of further hryvnia devaluation.

Источник: ICU

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