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)
11 August 2014
Market Reviews
Daily Insight
Liquidity up; YTMs rise further; Auction results
Broader banking sector liquidity rose UAH0.22bn last Friday to UAH42.30bn as banks’ correspondent accounts with the NBU rose UAH0.0.47bn to UAH27.29bn. Total CDs outstanding declined UAH0.25bn to UAH1...
ICUDailyInsight-20140811.pdf (785kb)
8 August 2014
Market Reviews
Daily Insight
Liquidity down further; YTMs climb higher; FX reserves decline; UAH remains under pressure
The NBU reported FX reserves down as much as US$1.0bn during July to US$16.1bn as a result of US$860m in external debt redemptions. The next IMF tranche of US$1.4bn is expected to come through in the ...
ICUDailyInsight-20140808.pdf (802.8kb)
7 August 2014
Market Reviews
Daily Insight
Liquidity down slightly; YTMs up significantly; July's inflation rises further; Hryvnia weakens
Yesterday's reported monthly inflation for July showed headline CPI and PPI up 0.4% and 3.6%, respectively, from the previous month, implying the year-on-year pace of inflation accelerated once again ...
ICUDailyInsight-20140807.pdf (758.6kb)