Liquidity continues to decline

Liquidity continues to decline



31 березня 2015 года
ICU

Banks' correspondent accounts with the NBU fell UAH1.54bn to UAH25.48bn and total CDs outstanding slid UAH0.09bn to UAH18.28bn yesterday, causing broader banking sector liquidity indicator to decline UAH1.64bn to UAH59.69bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH15.93bn. KyivPrime interest rates slightly rose: the KyivPrime ON interest rate rose 4bp to 22.85% while theKyivPrime 1M interest rate slid 25bp to 27.75%.

Investment implications: With no inflows and under the pressure of month-end tax payments, liquidity continued to decline yesterday. It could decline further today as yesterday was the last day of tax payments in March. The NBU provided no support to banks and slightly decreased ON loans, and the MoF also had no debt repayments last Friday. Banks are scheduled to repay UAH0.50bn of loans to the NBU today, causing additional pressure on liquidity.

Источник: ICU

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