20 August 2014 Market Reviews

Daily Insight

Liquidity increase; YTMs decline; The NBU intervenes into the FX market

Banks’ correspondent accounts with the NBU declined UAH0.27bn to UAH26.18bn after the NBU continued to absorb funds via CDs, as total CDs outstanding increased UAH0.46bn to UAH13.75bn. Total local cur...

ICUDailyInsight-20140820.pdf  (779kb)

19 August 2014 Market Reviews

Daily Insight

Industrial production in July; Liquidity down slightly; Eurobond YTMs slightly volatile

Broader banking sector liquidity declined yesterday UAH0.57bn to UAH43.45bn yesterday following Friday's UAH2.03bn purchase of new government bonds. After this outflow and slight absorption of funds ...

ICUDailyInsight-20140819.pdf  (774.1kb)

18 August 2014 Market Reviews

Daily Insight

Liquidity increase; YTMs decline; Auction results; NBU intervenes the FX market

Broader banking sector liquidity rose last Friday UAH1.45bn to UAH44.02bn as banks’ correspondent accounts with the NBU rose UAH0.97bn to UAH27.40bn and total CDs outstanding increased UAH0.49bn to UA...

ICUDailyInsight-20140818.pdf  (742.5kb)

15 August 2014 Market Reviews

Daily Insight

Liquidity increase; New primary auction; Hryvnia recovers; Rising royalties for mining

After four weeks of issuing only ON loans to banks and providing no additional support at all, the NBU issued UAH2.63bn of 89-day loans to 13 banks on Wednesday. It also increased the volume of ON loa...

ICUDailyInsight-20140815.pdf  (804.8kb)

15 August 2014 Market Reviews

Daily Insight

Liquidity increase; New primary auction; Hryvnia recovers; Rising royalties for mining

On 3 August, new changes to the Tax Code increased royalty rates for extracting oil, gas and iron ore in Ukraine. The rates for oil increased from 18% to 21% at mining depths exceeding 5,000m and from...

ICUDailyInsight-20140815.pdf  (804.8kb)

14 August 2014 Market Reviews

Daily Insight

Liquidity slight decline; Bonds issue for Naftogaz; FX rate drops slightly; Metinvest news

Broader banking sector liquidity slid UAH0.25bn to UAH41.36bn yesterday due due a decline in banks’ correspondent accounts with the NBU of UAH0.22bn to UAH25.24bn as well as a decline in CDs outstandi...

ICUDailyInsight-20140814.pdf  (885.6kb)

13 August 2014 Market Reviews

Daily Insight

Primary auction results; NBU portfolio increases; UAH in a near free-fall

At the end of last week, when the NBU purchased UAH2.80bn of government bonds, the other residents’ portfolio declined UAH2.33bn concurrently. It appears that the NBU purchased a new portion of bonds ...

ICUDailyInsight-20140813.pdf  (749.6kb)

12 August 2014 Market Reviews

Daily Insight

Liquidity declines; YTMs correct; Primary auction: four bonds to be offered

After significant outflows and a paltry injection from the NBU last Friday, broader banking sector liquidity declined UAH0.99bn to UAH41.30bn yesterday. Banks’ correspondent accounts with the NBU decl...

ICUDailyInsight-20140812.pdf  (791.1kb)