NBU Expands Its Assets by UAH 38 Billion
OREANDA-NEWS. In Q1 2016, NBU assets increased by UAH 38 billion to UAH 887.2 billion compared with the beginning of the year, says the statement of financial position of the National Bank of Ukraine.
“Such growth in NBU assets can be primarily attributed to non-residents’ securities, the volume of which increased by UAH 85.3 billion in Q1. In addition, banks and other borrowers continue to repay refinancing loans to the NBU: specifically, UAH 6.9 billion has been returned since the beginning of the year. This positive trend has accounted for a large amount of free liquidity in the banking system, used by borrowers to repay their obligations. Thus, the current volume of loans issued by the NBU is UAH 58.3 billion", said Oleh Strynzha, Director of the NBU Financial Controlling Department.
He also noted that the NBU planned to transfer UAH 38.164 billion from profit before distribution to the state budget of Ukraine.
In terms of the NBU’s liabilities structure, banks’ funds on correspondent accounts increased by UAH 12.9 billion from UAH 31.0 billion to UAH 43.9 billion.
The deposit certificates portfolio of the NBU decreased by UAH 26.3 billion and amounted to UAH 63.5 billion.
At that, the central bank’s equity increased by UAH 29.3 billion to UAH 152.1 billion.