Liquidity continues to decline

Liquidity continues to decline



29 квітня 2015 года
ICU

Broader banking sector liquidity fell UAH1.08bn to UAH55.31bn as funds were reallocated between banks' correspondent accounts with the NBU and CDs and future debt repayments increased. Banks' correspondent accounts with the NBU fell UAH3.93bn to UAH22.51bn, but the NBU absorbed UAH2.10bn of funds as total CDs outstanding rose to UAH27.13bn. Total local currency debt repayments scheduled for the next 30 days rose UAH0.76bn to UAH5.67bn. KyivPrime interest rates slightly declined: the KyivPrime ON interest rate fell 64bp to 21.55% while the KyivPrime 1M interest rate slid 15bp to 27.60%.

Investment implications: The NBU absorbed liquidity using ON CDs were redeemed yesterday. More funds could be reallocated today as banks could decrease investments in CDs to make funds available for month-end tax payments and other client needs. Today, banks are scheduled to repay just UAH0.27bn of loans to the NBU, while the MoF has UAH0.66bn in interest payments scheduled, which should be mostly received by the NBU. With no inflows from the NBU, liquidity could decline further today and tomorrow as well.

Источник: ICU

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