ICU Research: Liquidity remains stable
Taras Kotovych, Fixed-income analyst, Investment Capital Ukraine:
On Monday, banks repaid UAH489.6m of ON loans issued last Friday, received only UAH12.2m of ON loans and UAH10.0m of repos from the NBU. Despite these cash flows, banks' correspondent accounts with the NBU remained steady at UAH20.52bn. Total debt repayments scheduled for the next 30 days rose UAH0.09bn to UAH8.17bn, while total NBU CDs outstanding remained steady at UAH0.02bn. Broader banking sector liquidity, an indicator combined from the two above-mentioned indicators, rose UAH0.09bn to UAH28.71bn yesterday KyivPrime interest rates continued to move down yesterday: the KyivPrime ON interest rate declined 220bp to 8.00%, the first time since September, 2012, while the KyivPrime 1M interest rate slid 5bp to 37.25%.