Liquidity recovers

Liquidity recovers



5 березня 2015 года
ICU

Broader banking sector liquidity significantly rose yesterday, up UAH5.13bn to UAH57.43bn. Banks' correspondent accounts with the NBU rose UAH6.33bn to UAH30.81bn while total CDs outstanding slid UAH1.20bn to UAH16.61bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH10.02bn. KyivPrime interest rates diverged: the KyivPrime ON interest rate remained steady at 21.75% while the KyivPrime 1M interest rate rose 250bp to 27.00%.

Investment implications: Liquidity recovered most likely due to NBU injections into the FX market, an increase in ON loans on Tuesday as well as in funds prepaid for future FX purchase. At the same time, banks will likely conserve extra liquidity unless new reserve requirements are not fulfilled.

Источник: ICU

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