Liquidity declines

Liquidity declines



26 березня 2015 года
ICU

Broader banking sector liquidity fell for the first time in last two weeks, down UAH4.49bn to UAH59.08bn yesterday. Banks' correspondent accounts with the NBU fell UAH3.47bn to UAH27.34bn and total CDs outstanding declined UAH1.03bn to UAH19.03bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH11.71bn, as recent repayments on Tuesday were in US dollars. KyivPrime interest rates slightly rose: the KyivPrime ON interest rate rose 27bp to 22.67% while the KyivPrime 1M interest rate rose 10bp to 28.00%.

Investment implications: Liquidity declined because of: (1) banks repaing UAH1.20bn of loans received from the NBU two weeks ago; (2) tax payments to the state budget; (3) slight local currency devaluation; and (4) the receipt of a large portion of USD-denominated debt repayments from the MoF.

Источник: ICU

Другие обзоры облигаций от ICU


Компании

все компании