NBU provides refinancing credits of UAH 1.035 bln to three banks
The National Bank of Ukraine (NBU) at a tender on November 9 provided refinancing credits of UAH 1.035 billion to three banks at 16% per annum, the regulator has reported on its website.
The NBU did not disclose the names of the banks.
As reported, solvent banks in Q3 2016 reduced the debt on refinancing credits to the NBU by UAH 4.2 billion or 13%, to UAH 28.1 billion.
The debt of three banks grew: Diamantbank (by UAH 401.24 million), Prominvestbank (by UAH 107.69 million) and bank Pivdenny (by UAH 67.96 million).
The NBU in 2016 issued all loans solely at a tender basis under the collateral of government domestic loan bonds and foreign currency.
The National Bank since mid-2015 has been using only monetary instruments to support bank liquidity, whose maturities do not exceed three months.
Banks receive refinancing loans after tenders to support the liquidity of banks. At the same time, all the banks that appeal for financing and provide highly liquid deposits (government domestic loan bonds, certificates, foreign currency) receive loans automatically.
