Liquidity recovers slightly

Liquidity recovers slightly



2 березня 2016 года
ICU

Banks' correspondent accounts with the NBU rose UAH2.91bn to UAH39.44bn yesterday while total CDs outstanding fell UAH1.71bn to UAH69.43bn, the lowest level this year. As a result, banking sector liquidity recovered a slight UAH1.20bn to UAH108.87bn.

Investment implications: March started with a slight recovery in liquidity, possibly as the result of social payments and salaries made on Monday. At the same time, reallocation of funds from CDs to banks' accounts remains significant, and during February total CDs outstanding fell UAH6.45bn. At the same time, these funds were spent most likely on acquiring FX rather than being reallocated to new government bonds.

Источник: ICU

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