With a view to ensuring stability of the money market and the banking system resilience, the National Bank of Ukraine provides liquidity support to the banking system through relevant instruments on a systemic basis.

In particular, the National Bank of Ukraine provides short-term liquidity in the domestic currency to Ukrainian banks through overnight standing facility. In October 2012, the National Bank of Ukraine provided UAH 8.8 billion of liquidity to 36 Ukrainian banks through overnight standing facility.

Likewise, the National Bank of Ukraine carries out refinancing transactions through weekly tenders for the term over 90 days and injects liquidity into the banking sector through direct repo transactions. In October 2012, total refinancing through these instruments reached UAH 11 billion.

Overall, the National Bank of Ukraine provided UAH 19.8 billion of liquidity to 55 banks through the liquidity-providing transactions in October 2012.