Liquidity continues to decline

Liquidity continues to decline



26 лютого 2015 года
ICU

Broader banking sector liquidity fell UAH1.24bn to UAH49.76bn yesterday as banks' correspondent accounts with the NBU declined UAH1.93bn to UAH28.29bn and total local currency debt repayments scheduled for the next 30 days slid UAH0.64bn to UAH4.36bn. Total CDs outstanding increased UAH1.33bn to UAH17.10bn. KyivPrime interest rates diverged: the KyivPrime ON interest rate remained steady at 17.00% while the KyivPrime 1M interest rate slid 25bp to 22.25%.

Investment implications: The NBU slightly increased its ON loans to UAH0.60bn and announced that it would issue a stabilization loan for Privatbank. The MoF repaid UAH0.64bn in debt repayments. At the same time, the NBU absorbed UAH1.33bn via CDs to increase total CDs outstanding to UAH17.10bn. Although liquidity declined UAH1.24bn, banks' correspondent accounts fell a bit more significantly.

Источник: ICU

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