Banks build liquidity

Banks build liquidity



21 липня 2015 года
ICU

The broader liquidity indicator rose to its record high of this year, up UAH3.03bn to UAH73.94bn yesterday, as banks' correspondent accounts with the NBU rose UAH5.89bn to UAH30.17bn while total CDs outstanding declined UAH2.86bn to UAH38.89bn. Total local currency debt repayments remained steady at UAH5.17bn. This liquidity increase pushed KyivPrime interest rates down 70bp to 19.00% and 24.00% for ON and 1M interest rates, respectively. The increase in liquidity was most likely the result of banks' accumulating funds prior to month-end tax payments, the low supply of FX without NBU intervention last Friday, and the significant decline in the volume of FX trading that day. Also, this liquidity could be used for today's demand at primary auctions if primary dealers are able to purchase FX to replace funds spent at the primary market.

Источник: ICU

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