Liquidity increases slightly

Liquidity increases slightly



16 квітня 2015 года
ICU

Broader banking sector liquidity rose UAH1.29bn to UAH56.35bn yesterday, as banks' correspondent accounts with the NBU increased UAH1.05bn to UAH26.96bn and total CDs outstanding were up a slight UAH0.24bn to UAH18.08bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH11.31bn. KyivPrime interest rates slightly declined: the KyivPrime ON interest rate fell 33bp to 23.17% while the KyivPrime 1M interest rate was down 46bp to 28.17%.

Investment implications: The NBU absorbed UAH1.00bn of ON loans which were repaid by banks on Tuesday, but did not issue any new loans for banks. Instead, the NBU purchased UAH1.50bn of bonds from the banks' portfolio, most likely to cover outflows and provide the banking sector with UAH0.50bn of extra funds, significantly less than the increase in liquidity yesterday. Today, broader liquidity should decline slightly, as yesterday's MoF debt repayments should be received for the most part by the NBU and less so by other investors.

Источник: ICU

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