Banks and Deposit Guarantee Fund debt to NBU reduced by UAH 3.3bln

Banks and Individual Deposits Guarantee Fund reduced the amount of debt under loans disbursed by the National Bank of Ukraine (NBU) by UAH 3.3 billion, according to a posting on the website of the regulator.

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According to the NBU, the average interest rate on operations to support banks liquidity amounted to 27.37% per annum in September.

Read alsoNBU not to artificially support hryvnia exchange rateThe report notes an increase of 0.2% in the correspondent accounts with the NBU in September (up by 13.5% since the beginning of the year) to UAH 30.9 billion. The amount of required reserves formed in accordance with the established standards during the servicing period from August 11, 2015 until September 10, 2015 amounted to UAH 40 billion, and from September 11, 2015 to October 10, 2015 stood at UAH 39.5 billion.

Read alsoNBU demands banks provide info on accounts of sanctioned individuals, entitiesAs UNIAN reported earlier, on September 25, the NBU lowered the one-day refinancing rate for banks by 5 percentage points following the decline in the interest rate also by 5 percentage points.

On September 25 the NBU's annual refinancing rate on overnight loans secured by government bond collateral was decreased to 24% from 29%.

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