Liquidity recovers slightly

Liquidity recovers slightly



2 квітня 2015 года
ICU

Broader banking sector liquidity rose UAH1.18bn to UAH57.37bn as banks' correspondent accounts with the NBU rose UAH1.34bn to UAH26.66bn while total CDs outstanding slid UAH0.16bn to UAH14.12bn yesterday. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH16.58bn. KyivPrime interest rates slightly declined: the KyivPrime ON interest rate slid 2bp to 24.13% while the KyivPrime 1M interest rate declined 35bp to 27.75%.

Investment implications: April started with UAH26.67bn in the MoF's treasury accounts, the record high since December 2005, possibly as a result of postponing budget expenditures in March after collecting new tax revenues. These reserved funds could be an attempt by the MoF to tighten liquidity, but it caused a significant decline in banking sector liquidity at the end of the month. Liquidity could increase slightly this week as the MoF should make its expenditures and provide funds for budget authorities.

Источник: ICU

Другие обзоры облигаций от ICU


Компании

все компании