Liquidity up due to inflows

Liquidity up due to inflows



3 березня 2015 года
ICU

The NBU increased ON loans from UAH0.35bn to UAH1.50bn last Friday, causing an increase in broader banking sector liquidity of UAH1.56bn to UAH49.34bn yesterday. Banks' correspondent accounts with the NBU rose a mere UAH0.17bn to UAH27.47bn while total CDs outstanding rose UAH1.40bn to UAH18.12bn. Local currency debt repayments scheduled for the next 30 days remained steady at UAH3.75bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate rose 45bp to 19.25% while the KyivPrime 1M interest rate slid 5bp to 22.75%.

Investment implications: While the NBU slightly supported eight banks via ON loans last Friday, 24 banks increased their portfolios of ON CDs to UAH10.63bn, causing an increase in total CDs outstanding by UAH1.40bn, a bit more than the NBU issued in additional ON loans. This week, we could see a slight recovery in liquidity after month-end tax payments, but this recovery depends on the NBU regulations and its support to banks.

Источник: ICU

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