Liquidity recovers slightly on reallocation to CDs

Liquidity recovers slightly on reallocation to CDs



26 травня 2015 года
ICU

Broader banking sector liquidity slightly recovered yesterday after UAH0.20bn of funds were reallocated from banks' correspondent accounts with the NBU, which slid to UAH24.10bn, to CDs outstanding, which rose UAH0.41bn to UAH31.44bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH4.33bn. KyivPrime interest rates remained steady with the ON rate at 21.00% and the 1M rate at 28.00%.

Investment implications: Following quarterly tax payments, yesterday's recovery in liquidity was only slight, just prior to month-end tax payments. Banks continued to invest funds in CDs maturing this month, increasing their share to about 2/3 of total CDs outstanding, to receive funds this month and have sufficient liquidity available for clients' month-end tax payments. Without NBU support, liquidity is unlikely to increase much. Moreover, new loans should be issued to banks this week.

Источник: ICU

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