The National Bank of Ukraine (NBU) has held a refinancing tender to provide 15 banks with UAH 8.472 billion ($302 million) in refinancing loans at an interest rate of 6% per annum, with a five-year maturity period.
In addition, the regulator satisfied the applications of two banks for UAH 182 million ($6.5 million) in refinancing at 6% at a bidding to maintain the liquidity of banks for up to 84 days.
The National Bank holds biddings to maintain banks’ liquidity for up to 84 days. Biddings are held each Friday and on long-term refinancing from one to five years – once a month, on a second Friday. (UNIAN/Business World Magazine)