Liquidity increases slightly

Liquidity increases slightly



23 лютого 2015 года
ICU

Broader banking sector liquidity slightly rose last Friday as banks' correspondent accounts with the NBU increased UAH2.33bn to UAH32.16bn and total CDs outstanding declined UAH1.44bn to UAH14.65bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.74bn. KyivPrime interest rates diverged: the KyivPrime ON interest rate slid 25bp to 17.25% while the KyivPrime 1M interest rate remained steady at 22.50%.

Investment implications: As the NBU purchased no bonds last Thursday and issued only UAH1.99bn in ON loans that day, last Friday's indicators saw a reallocation from CDs to banks' accounts with the NBU. The slight increase of UAH0.89bn in broader liquidity could be from the receipt of 13-day loans issued by the NBU to 10 banks last Wednesday. As quarterly tax payments began last week and will be completed this week along with month-end tax payments, liquidity could decline significantly if the NBU withholds support.

Источник: ICU

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