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The regulator holds tenders to maintain banks' liquidity for up to 90 days.
The National Bank of Ukraine (NBU) says it has held a refinancing tender to provide four banks with UAH 563.6 million (US$20 million) in refinancing loans at an interest rate of 6% per annum, with an 84-day maturity period.
That's according to the report by the NBU press service published on its website.
Schedule
The National Bank holds biddings to maintain banks' liquidity for up to 90 days. Biddings are held each Friday, and on long-term refinancing from one to five years – once a month, on a second Friday.
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Previous tenders
On October 9, 2020, the central bank held a tender for long-term refinancing of banks. As a result, 14 Ukrainian banks received UAH 4.999 billion, or US$178 million, in refinancing loans at 6%, maturing in five years.
On the same day, the regulator satisfied the application of one bank for UAH 300 million (US$10.7 million) in refinancing at 6% per annum at a bidding to maintain the liquidity of banks for up to 82 days.
On October 30, the NBU held a tender where it granted five banks refinancing loans worth UAH 10.3 million (US$366,027) at 6%, maturing in 84 days.
On August 17, 2020, the National Bank allocated almost UAH 5 billion (US$178 million) in refinancing to 14 banks.