Financial news

Interbank credits interest rates are on high level at DEPO-market

At Ukrainian interbank foreign exchange market due to strong lack of hryvnia resources banks undertake US dollar sale at big amount. Today US dollar rate kept decreasing. During session it reached lower index than on Friday, April 11. Thus, during session it constituted 4,945/4,965 against 4,9650/4,9800 while session opening, and 4,9550/4,9750 a day before.

Majority of bargains was concluded today by market participants within 4,9550/4,98, at 4,97/4,9850 per $1 on Friday.

Bids were closed on the mark 4,95/4,9650, at 4,9550/4,98 per US dollar on Friday.

Today there were no strong fluctuations of interest rates at DEPO-market. In spite of the fact that today balances on correspondent accounts slightly increased, interest rates on interbank credits stopped at high level. Situation was partially resembling one of Friday. In the morning market participants attracted hryvnia resources on "overnight" rate — 16%. Bids were flat. But later after bids, interest rates increased by 19%.  And thus market "raise" by the level 20% before lunch. After lunch market participants attracting resources started bids from 20%, rates reached 26-27% p.a. on some bargains.

Average weighted price of concluded bargains by 17:00 КТ constituted 20,2%, in comparison with 17,6% a day before. Volume of concluded bargains by this time decreased by 2,835 b, at UAH 4,165 b in accordance with results of Friday.

Today credit rates for the term "from 2 to 7 days" kept growing — 17,0/21,0%. Average price increased by 18,4%, from 17,6% in accordance with bids on Friday. Volumes of concluded bargains increased as well and constituted 270 m.

Today credit rates for the term "from 22 to 31 days" on actually concluded bargains are within 16,0/22,0%, at 16,0% a day before.

Comments by KRAMAROVA S.N. Head of Treasury of PRAVEX-BANK.

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