According to the direction of interest rate policy

The average cost of credits in national currency in February, up from 26.5% to 27.9% in foreign currency - from 10.4% to 10.7%. Integral rate on credits increased from 21.9% to 23.2%. Weighted average cost of deposits in national currency in February, up from 15.9% to 16.4%, foreign - has remained unchanged - 8.6%. Integral rate on deposits increased from 12.7% to 13.3%. The volume of required reserves generated by banks in February 2009 amounted to 12.5 billion UAH. In order to facilitate banks to terms of raising funds in foreign markets in the face of declining liquidity and the need to fulfill external obligations National Bank on 1 February 2009 reduced standard of redundancy within our means, who are attracted by banks from non-resident banks and financial institutions, non-residents by setting it equal to 2% . Previously, these funds subject to the same standards for the formation of obligatory reserves by means of legal persons of the relevant currency and maturity. In February 2009, the Ministry of Finance of Ukraine carried out the placement of T-bills (hereinafter - the T-bills), so that the State Budget of Ukraine has received funds in the amount of 1403.89 mln. The weighted average yield on government bonds during the initial public offering in February 2009 was 15.6% (in January - 9.9%). Redemption and payment of income on government bonds in a timely manner and in full, which from the beginning of 2009 amounted to UAH 865.04 million, including Principal - UAH 616.32 million, the payment of income - 248.73 mln. The National Bank is committed to active and productive cooperation with all branches of government - the President of Ukraine, Government, Parliament. Both management and specialists of the National Bank regularly take part in meetings, round tables, conferences related to its competence. Weekly National Bank provides online information about the state of the monetary market and the President of Ukraine Cabinet of Ministers of Ukraine. However, a wide range of operational information is posted daily on the official website of the National Bank of Ukraine on the Internet. Specialists of the National Bank and State Treasury on a daily basis in the operating mode provide consultations on current and forecast the dynamics of a single treasury account. Topic: Banking systems | Tags: organization of the banking system