NBU provides banks with over UAH 2 bln in refinancing

16:50, 04 December 2014
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Ukraine’s central bank has injected over UAH 2 billion in refinancing for banks to prop up the country’ss ailing financial system, according to a posting on the Web site of the National Bank of Ukraine.

UNIAN

Refinancing was provided for 10 banks for a period of one day at 17.5% per annum in an amount of UAH 1.216 billion, and to two banks for a period of 359 days at 14% per annum in amount of UAH 1.125 billion.

The regulator also sold certificates of deposit worth a total of UAH 4.704 billion to 13 banks at 7.5% per annum for one day, in an amount of UAH 1.3 billion to two banks for seven days at 11% per annum, in an amount of UAH 303 million to three banks for 14 days at 11.5 % per annum, and to three banks an amount of UAH 253 million for 27 days at 12% per annum.

The volume of the interbank credit market increased to UAH 8.514 billion, with the weighted average interest rate being 16.5%, including overnight credits at 15.2% per annum.

As UNIAN reported earlier, on December 2 the National Bank of Ukraine provided the country’s banks with refinancing of UAH 1.488 billion and sold certificates of deposit worth UAH 5.429 billion. The volume of the interbank credit market amounted to UAH 7.869 billion, with the weighted average interest rate being 16.6%, including overnight credits at 15.5% per annum.

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