Liquidity continues to decline



29 січня 2016 года
ICU

Banking sector liquidity continued to decline for the third consecutive day yesterday, reflecting Wednesday's outflows to the state budget as Wednesday's CD tender did not allow the NBU to absorb additional funds from banks' accounts. Banks' correspondent accounts with the NBU rose UAH0.67bn to UAH40.84bn while total CDs outstanding declined UAH1.42bn to UAH76.96bn. As a result, banking sector liquidity declined UAH0.75bn to UAH117.80bn.

Investment implications: The decline in liquidity was not significant given the current level as banks can make a profit from investing in NBU CDs at the current high level of interest rates. Today liquidity should decline further due to month-end tax payments.

Источник: ICU

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