Liquidity declines slightly despite support

Liquidity declines slightly despite support



12 травня 2015 года
ICU

Broader banking sector liquidity slid UAH0.23bn last Friday to UAH54.35bn, as total CDs outstanding declined UAH0.30bn to UAH27.46bn while banks' correspondent accounts with the NBU rose a mere UAH0.07bn to UAH21.34bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.55bn. KyivPrime interest rates slightly rose last Friday: the KyivPrime ON interest rate rose 58bp to 21.83% while the KyivPrime 1M interest rate rose only 25bp to 28.00%.

Investment implications: Liquidity slightly declined last Friday despite the NBU having purchased UAH0.48bn of government bonds the day before. These funds could be allocated to Naftogaz to purchase FX. Also, a loan for UAH0.10bn was repaid to the NBU. As a result, broader liquidity fell slightly, and it should recover this week.

Источник: ICU

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