NBU provides UAH 3B in refinancing to seven banks

NBU provides UAH 3B in refinancing to seven banks

Ukrinform
The National Bank of Ukraine (NBU) provided a total of UAH 3 billion in refinancing to seven banks, Ukrinform reports, referring to the central bank’s press service.

On September 10, 2021, a quantitative tender was held for the refinancing of banks for a term of 1,092 days. The applications of seven banks for a total sum of UAH 3,000.0 million at an interest rate of 9.91% per annum were satisfied.

As Ukrinform reported, the National Bank curtails long-term refinancing and interest rate swaps from the fourth quarter of 2021. The last long-term refinancing tender took place on September 10. The interest rate swap auction will take place on September 29. In addition, from October 1, the maturity of refinancing loans at weekly tenders will be reduced from 90 to 30 days.

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