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National Bank of Ukraine is to hold extraordinary tenders to provide immediate liquidity support to banks on a regular basis

The National Bank has resumed the practice of holding extraordinary liquidity-providing tenders as part of Resolution of the National Bank of Ukraine Board No. 48 dated February 6, 2014, "On the Mechanism for Providing Immediate Liquidity Support to Banks".

The move is intended to help banks meet their obligations to customers in a timely manner in the context of the increased public demand for cash.

In particular, the bids submitted by 9 banks worth UAH 1.9 billion were accepted through the tender that was held on March 20, 2014.

Henceforth, the National Bank of Ukraine will hold these tenders on a regular basis (every Thursday) until at least the end of April 2014.

The National Bank of Ukraine is committed to giving banks equal and transparent access to refinancing instruments.

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