Financial news

Differently oriented movement is observed at DEPO-market while determining interbank credits cost

At Ukrainian interbank foreign exchange market US dollar as during previous two days was kept within 4,98/5,010. Due to the end of quarter there is high offer of foreign currency which everyone wants to sell for hryvnia at the market. There is still high banks' offer of their proper currency purchased through foreign exchange points in population of the country on high rates. It causes additional pressure on rate of American currency and does not give it opportunity to overcome mark 5,00 per $1. There is high probability that on Monday they will give less than UAH 5 per USD 1.

Majority of bargains was concluded today by market participants within — 4,98/5,01 per $1.

At DEPO-market it is observed differently directed movement while determining interbank credit cost for different terms. Market is still saturated by hryvnia resources. In accordance with data of National Bank of Ukraine balances on correspondent accounts of Ukrainian banks decreased in the morning.

"Overnight" credits are kept at the lowers and keep becoming cheaper having reached, 2,5/5,0% by the end of the day, at 6,0/8,0% in the morning. Average weighted price of concluded bargains by the end of the day constituted 6,0%, at 6,1% in accordance with results of session of Thursday. Volumes of concluded bargains constituted UAH 3,29 b by this time, at UAH 3,76 b in accordance with results of Thursday.

Credits for the term "from 2 to 7 days" keep becoming more expensive, and bids moved to 13,5/17,5%, from 13,0/17,0% a day before. Finally it gave opportunity to raise average weighted price by the level 14,7%, from 14,0% a previous day.

Rates on credits for the term "from 22 to 31 day" fluctuate today within 11,0/19,5%.

However as yesterday against decrease of "night" rates on hryvnia credits, currency credits are in great demand that positively influences their price for sellers' resources. Thus, cost of dollar credits constitutes 5,0/7,0% of annuals, credits cost in Euro — 4,25/5,5%.

Comments of Kramarova S.N., Head of Treasury of PRAVEX-BANK

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