24 квітня 2014 Market Reviews

Daily Insight

IMF backs US$17bn lending program; Liquidity down; Unscheduled primary auction; UAH trading less volatile

Despite ongoing geopolitical tension between Ukraine and Russia, volatility did not prevail as the UAH slid/rose __% to close at __/USD on US$__bn of trading. The hryvnia's real TWI added/lost __%. Th...

ICUDailyInsight-20140424.pdf  (794.2kb)

23 квітня 2014 Market Reviews

Daily Insight

Biden's visit to Kiev; Liquidity up; YTMs diverge; UAH drops sizably

In his address to the Duma (Russia's legislature) yesterday, PM Medvedev reported Russia's 2013 performance results. While Russian media reported that Putin reviewed the results with Medvedev several ...

ICUDailyInsight-20140423.pdf  (767.1kb)

22 квітня 2014 Market Reviews

Daily Insight

Geneva agreement; Ferrexpo’s 1Q14 interim statement; new primary auction announced

Banks’ correspondent accounts with the NBU rose UAH1.29bn to UAH31.47bn yesterday while total CDs outstanding slid only UAH0.08bn to UAH8.02bn, causing broader banking sector liquidity to rise UAH1.21...

ICUDailyInsight-20140422.pdf  (693.7kb)

18 квітня 2014 Market Reviews

Daily Insight

Geneva diplomatic talks; Nadra Bank profits from devaluation; Liquidity down; YTMs decline; UAH up

Nadra Bank has routinely violated the NBU FX position requirement of the FX position of having a significantly higher amount of USD denominated assets than USD liabilities. According to our estimates,...

ICUDailyInsight-20140418.pdf  (610.8kb)

17 квітня 2014 Market Reviews

Daily Insight

Liquidity continues to decline; Yields diverge; Military bond issues; DTEK’s EBITDA declines; UAH recovers

Ukraine’s Cabinet of Ministers of adopted new resolutions at the beginning of April which were published yesterday. These documents authorize the MoF to issue new “military bonds” in two formats - UAH...

ICUDailyInsight-20140417.pdf  (613kb)

16 квітня 2014 Market Reviews

Daily Insight

NBU increases its key policy rate; Liquidity down; Yields up; Ukraine promised US guarantee on debt; Auction results; UAH recovers

Broader banking sector liquidity rose UAH1.20bn yesterday to UAH46.91bn to new record high of this month, but only due to a significant increase in total local currency debt repayments scheduled for t...

ICUDailyInsight-20140416.pdf  (816.9kb)

15 квітня 2014 Market Reviews

Daily Insight

Liquidity down; Yields up; UAH recovers

Banks’ correspondent accounts with the NBU rose UAH0.47bn to UAH34.53bn yesterday while total CDs outstanding declined UAH0.87bn to UAH6.82bn and total local currency debt repayments scheduled for the...

ICUDailyInsight-20140415.pdf  (784.4kb)

14 квітня 2014 Market Reviews

Daily Insight

Ukraine-Russia tug of war; UAH at record low; Liquidity up; Yields rise after correcting

Broader banking sector liquidity rose UAH1.37n last Friday toUAH46.11bn as banks’ correspondent accounts with the NBU rose UAH1.55bn to UAH34.06bn while total CDs outstanding slid UAH0.18bn to UAH7.69...

ICUDailyInsight-20140414.pdf  (808kb)