Commercial banks have increased the demand for swaps with NBU

Коммерческие банки увеличили спрос на процентный своп с НБУ

Today, July 15, was held the second auction of interest rate swap, which was attended took seven banks, and the total volume of bids amounted to UAH 2.49 bln.

As the press service of the national Bank, of them were satisfied on the application of the five banks in 410 million UAH.

Short and to the point Telegram

The weighted average fixed interest rate offered by these banks in exchange for floating rate is determined depending on the values of the index UONIA, was 6.5%, as during the first auction.

“The new tools introduced by the National Bank to promote lending and long-term investments, are increasingly in demand among banks. During the second auction swap interest rates increased as the number of participants and volume of transactions. It is a good signal that banks are long-term plans and are ready to support the economy not only “short” money,” – said the Deputy Chairman of the National Bank Oleg Churiy.

NBU changes the index value of the money in the interbank market

The next auction interest rate swap scheduled to be held in August.

The first auction of the interest rate swap was held July 2, 2020. The participants were four banks. Total volume of bids amounted to UAH 1.38 billion. Of them were satisfied on the application of two banks of 20 million UAH.

The weighted average fixed interest rate offered by these banks in exchange for floating rate is determined depending on the values of the index UONIA, was 6.5%.

Earlier, the NBU said that Bank lending rates react to monetary policy easing.

The decrease in the discount rate in terms of macro-financial stability and the slowing inflation contributed to a significant depreciation of hryvnia loans to businesses for the fourth quarter of 2019 by 2.4 percentage points to 15.7% per annum to 15% per annum in mid-February 2020.

Share