Liquidity recovers slightly



27 серпня 2015 года
ICU

After nearly a week of declines, banking sector liquidity slightly recovered yesterday, up UAH1.35bn to UAH73.54bn. Total CDs outstanding rose UAH2.50bn to UAH49.52bn while banks' correspondent accounts with the NBU fell UAH1.15bn to UAH24.02bn.

Investment implications: Liquidity recovered slightly as a result of Tuesday's cash flows and funds accumulating at banks' accounts. The NBU increased its CDs outstanding, having mostly sold UAH9.26bn of ON CDs on Tuesday, while the regulator sold only UAH6.56bn of ON CDs last Friday. However, this liquidity increase and reallocation to CDs should be short-lived as we expect liquidity to decline again today or tomorrow, reflecting not only the extreme volatility seen on Monday but also the bulk of month-end tax payments scheduled to be paid by the end of this week.

Источник: ICU

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