Business news from Ukraine

STATE-OWNED OSCHADBANK RAISES UAH 8 BLN AT NBU TENDER FOR REFINANCING

22 December , 2020  

The state-owned Oschadbank (Kyiv) on December 18 attracted UAH 8 billion at the tender of the National Bank of Ukraine (NBU) for 90-day refinancing at 6%, according to the NBU’s website on Monday.
According to the NBU, the regulator also satisfied the applications for refinancing the banks Sich (UAH 250 million), Avangard (UAH 50 million) and Concord (UAH 36.6 million).
According to statistics, in general, starting from April 30, 2020, the NBU held 31 auctions for 90-day refinancing for a total amount of about UAH 45.886 billion. The tenders scheduled for June 5, July 10 and September 11 did not take place due to a lack of bids.
In addition, starting from May 8, the National Bank held eight refinancing tenders for a period of one to five years for a total amount of about UAH 48.53 billion.
According to the schedule of tenders published on the NBU’s website, the next refinancing auction for a period of up to 90 days will take place on December 24, for a period of one to five years on January 15, 2021.

,