Liquidity declines

Liquidity declines



18 лютого 2015 года
ICU

Banks' correspondent accounts with the NBU fell UAH1.03bn to UAH30.79bn and total CDs outstanding declined UAH0.21bn to UAH16.90bn yesterday. Broader banking sector liquidity rose slightly, up UAH0.22bn to UAH54.76bn, thanks to the UAH1.46bn increase in total local currency debt repayments scheduled for the next 30 days to UAH7.07bn. KyivPrime interest rates diverged: the KyivPrime ON interest rate remained steady at 17.00% while the KyivPrime 1M interest rate rose 50bp to 22.50%.

Investment implications: Banks repaid a significant volume of loans to the NBU, including UAH1.71bn of ON loans received last Friday and UAH1.61bn of longer loans issued at tenders. At the same time, the NBU issued only UAH2.11bn of new ON loans, or UAH1.11bn less than was absorbed, which is very similar to the decline in banks' correspondent accounts with the NBU.

Источник: ICU

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