More banking sector data from NBU; Ferrexpo 1Q output; liquidity up; auction results; 2Q12 borrowings programme

Economics: Banking sector figures: More details revealed by the NBU
The National Bank of Ukraine continued to unveil the banking system\'s trends in loans and deposits during March 2012. Recent figures revealed that households\' FX deposits decreased insignificantly, and most of the growth was in local currency deposits, which increased by 2.9% MoM, to UAH172bn, bringing total household deposits to UAH327bn. Business deposits were rebalancing in terms of currency, with a 6.8% decrease in FX, to UAH54bn, and 5.7% increase in local currency deposits, to UAH117bn, pushing up total business deposits by 1.4%, to UAH170bn. From the loans perspective, March figures revealed no strong changes in the trend of lending to households (a continuing constant decrease in FX lending and an increase in local currency lending), with a monthly decrease in total households\' loans, by 1.5%, to UAH190m. Business loans changed immaterially in FX, and increased by 1.2% in local-currency loans to UAH387bn, lifting up total business loans by 0.7%, to UAH602bn. The NBU also published the banking sector\'s refinancing figures, showing UAH4.2bn in direct REPOs during March, please see Chart 1 below. Please recall that the regulator recently also published that UAH4.6bn of refinancing made during March was with 30+ day maturity.

Attached please find the complete report, which includes supporting charts and tables for all comments (PDF file: 13 pages, 1150KB)