Liquidity concentrates in CDs



4 квітня 2016 года
ICU

Total CDs outstanding rose UAH2.01bn to UAH63.05bn last Friday, the largest amount since March 9, 2016, as banks' accounts declined a mere UAH1.13bn to UAH39.41bn. With this reallocation, banking sector liquidity was up only UAH0.88bn to UAH102.46bn.

Investment implications: Liquidity continued to recover after significant outflows during March due to tax payments paid starting from the second week of March. This recovery should continue with mild volatility through the end of this week. The MoF collected at the state treasury account UAH21.05bn at the end of March, most likely spending a large portion of tax payments on budget expenditures, supported by the liquidity recovery last month.

Источник: ICU

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