Liquidity up slightly

Liquidity up slightly



1 липня 2015 года
ICU

Broader banking sector liquidity slightly rose yesterday due to an increase in future debt repayments in the next 30 days. The broader indicator was up UAH0.57bn to UAH68.23bn as total local currency debt repayments scheduled for the next 30 days rose UAH1.84bn to UAH6.32bn. Banks' correspondent accounts with the NBU rose UAH0.71bn after the NBU made significant CD redemption payments. Total CDs outstanding fell UAH1.98bn to UAH37.89bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 13bp to 21.00% while the KyivPrime 1M interest rate rose 25bp to 28.00%.

Investment implications: Liquidity routinely declines at the end of the month due to month-end tax payments. The increase in the broader indicator shows future inflows which could support liquidity at the end of July. The NBU did not support liquidity via loans; instead, CD redemptions provided the only funds.

Источник: ICU

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