November started from UAH86.36bn of liquidity

November started from UAH86.36bn of liquidity



3 листопада 2015 года
ICU

After a slight reallocation of funds yesterday, banking sector liquidity fell UAH0.30bn to UAH86.36bn as banks' correspondent accounts with the NBU rose UAH1.90bn to UAH22.38bn and total CDs outstanding declined UAH2.20bn to UAH63.98bn.

Investment implications: November opened with record high liquidity of UAH86.36bn, up nearly 84% from the beginning of the year. Liquidity remained high despite month-end tax payments which normally result in significant outflows. At the same time, at the end of October, the MoF had UAH43.62bn in the treasury accounts, down UAH3.5bn from the beginning of September. Most likely, liquidity remained high because of lower funds at treasury accounts as well as lower tax payments. However, larger budget expenditures in October exceeded taxes collected. Regardless, banking sector liquidity remained high and has many chances to recover above UAH90.0bn and set a new record high.

Источник: ICU

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