Photo from UNIAN
Funds are provided at a weekly tender to support banks' liquidity at an interest rate of 18% per annum.
The National Bank of Ukraine (NBU) has refinanced two banks for a total of UAH 7.001 billion (US$249.7 million) for a period of 14 calendar days.
Funds are provided at a weekly tender to support bank liquidity at an interest rate of 18% per annum, according to the NBU website.
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As UNIAN reported earlier, the National Bank on January 11 launched a new operational design of its monetary policy, the main operations of which will be holding tenders for the placement of deposit certificates for a 14-day period and refinancing for the said period.
The rate on the two-week deposit certificates and the rate on the two-week refinancing loans will be set at the discount rate level, or 18% per annum.