Another auction on placement of t-bills once again strengthened the hryvnia on the interbank market
auction of Finance, where there have been many government bonds,has strengthened the hryvnia on the interbank market at the end of the year from 28.3/28,325 UAH/$ 28,19/28,215 UAH/$. The main buyers of government bonds were domestic banks that have received refinancing from the national Bank and not a non-resident, therefore, the strengthening of the hryvnia will not be long.
At the auction, the state budget was drawn 23,644 billion UAH (at NBU), whereas at the previous auction of government bonds were sold at 22,209 billion UAH, and in General in December, amounting to 115,9 billion.
At auction was placed next hryvnia government bonds totaling UAH 14.5 bn:
the
6 months at 10.75% on the amount of 859 million UAH,
1 year at 11.7 per cent in the amount of 5,772 billion UAH,
1.5 years under 11,75% in the amount of 991 million UAH,
for 2 years at 10, and 85% in the amount of 653 million UAH,
for 3 years at 12% суму611 million UAH,
for 4 years under 12,15% to $ 104 million UAH,
for 5 years under 12,25% in the amount of 625 million UAH.
- for a period of 3 months at 10% per annum on the amount 5,172 billion UAH,
in addition, was sold bonds in dollars for a period of 3 months at 2.9% per annum in the amount of 323 million dollars.
the Share of the banking sector in the structure of holders of government debt rose to a record 52.4 per cent, which is the highest figure in Europe. With the beginning of the year, the banking sector bought government bonds in the amount of 174.3 billion UAH, - said Chairman of the NBU Council Bohdan Danylyshyn.
"In the structure of assets of domestic banks increasing the share of investment in government bonds. Since the beginning of the year it grew by 3.3% to 25.7% (as of November 1), in particular among state – owned banks is 4% to 38.6%", - he noted.
It is difficult to further increase banks ' portfolios of government bonds without harming lending to the economy. Within three years the banks received on government bonds interest on the amount that is 20% interest income and almost 40% of the interest margin of banks.
