Liquidity set this year's new record high

Liquidity set this year's new record high



17 червня 2015 года
ICU

Broader banking sector liquidity significantly rose yesterday to this year's new record high, up UAH3.97bn to UAH67.17bn. Banks' correspondent accounts with the NBU increased a mere UAH0.20bn to UAH24.59bn, while total CDs outstanding rose UAH2.45bn to UAH37.01bn. Total debt repayments scheduled for the next 30 days rose UAH1.33bn to UAH5.57bn.

Investment implications: Broader liquidity indicator significantly rose yesterday, as anticipated, due possibly to receiving new budget expenditures. This liquidity was mostly absorbed by the NBU via CDs, and a small portion of increase was supported by future debt repayments. At the same time, today's debt repayments in local currency will be paid on recapitalization bonds. As these bonds most likely are in the NBU's portfolio, funds will flow to the NBU rather than to banks. These repayments should cause liquidity to decline slightly tomorrow, which could be compensated by other inflows. However, we do not anticipate a significant increase.

Источник: ICU

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