Liquidity recovers

Liquidity recovers



5 жовтня 2015 года
ICU

Banking sector liquidity continued to recover last Friday as it was up UAH1.15bn to UAH79.29bn. Banks' correspondent accounts with the NBU fell a significant UAH6.82bn to UAH24.07bn while total CDs outstanding rose UAH7.98bn to UAH55.22bn that day.

Investment implications: Banks significantly increased purchases of CDs last Thursday, causing the above-mentioned changes in the liquidity structure. Anticipations remain high that the NBU will decrease interest rates on CDs in reaction to the recent key rate cut as banks purchased the largest volume of 2-week CDs in recent trading, at UAH7.76bn, while UAH7.15bn of ON CDs were sold. This significant reallocation of funds between banks' accounts and a slightly higher volume of CDs could be due to the NBU's purchasing a new portion of FX.

Источник: ICU

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