Liquidity surpasses UAH60.0bn

Liquidity surpasses UAH60.0bn



15 травня 2015 года
ICU

After receiving a portion of debt repayments, banks' correspondent accounts with the NBU rose UAH2.24bn to this month's new high of UAH28.25bn yesterday while total local currency debt repayments scheduled for the next 30 days declined UAH1.66bn to UAH4.83bn. The NBU absorbed UAH1.13bn of funds and increased total CDs outstanding to UAH28.28bn. As a result, broader banking sector liquidity rose UAH1.71bn to this month's new record high. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 100bp to 21.00% while the KyivPrime 1M interest rate remained steady at 28.00%.

Investment implications: Liquidity rose yesterday on Wednesday's cash flows without significant support, and possibly on some outflows at the FX market as Naftogaz fulfilled its payment to Gazprom. As this increase is much more significant than it was in April, we could see new record high of this year in May. The NBU continued to absorb extra liquidity via CDs: total CDs outstanding rose to the record high this year and since the beginning of October 2014. The NBU continued to decrease the volume of ON CDs and increased the volume of CDs with redemption later this month and through mid-June.

Источник: ICU

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