Liquidity reallocated back to CDs

Liquidity reallocated back to CDs



4 червня 2015 года
ICU

Following the significant reallocation of funds from CDs to banks' correspondent accounts with the NBU at the end of May, decreasing total CDs outstanding to UAH26.06bn, the NBU on Tuesday sold the largest amount of CDs since mid-May 2015. With a large portion of the CDs maturing next week through the beginning of July, total CDs outstanding rose UAH4.25bn to UAH30.32bn, while banks' correspondent accounts with the NBU fell UAH4.37bn to UAH21.26n. Total debt repayments scheduled for the next 30 days remained steady at UAH5.06bn, and broader banking sector liquidity slid a mere UAH0.12bn to UAH56.64bn.

Investment implications: Per the liquidity indicators published yesterday, the NBU reallocated funds from banks' accounts to CDs. The slight decline in the broader indicator appears to be the result of UAH0.16bn in redemptions of loans issued by the NBU to two banks last Friday. The NBU once more absorbed extra liquidity which allowed reallocations to banks' accounts last week. This should continue, but it could put pressure on the FX market.

Источник: ICU

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