Credit Dnipro Bank successfully participated in the NBU auction of interest rate swap
21 December 2020
On December 16, 2020, Bank Credit Dnipro successfully took part in the 8th NBU interest rate swap auction with a maturity date of December 9, 2025. The total volume of the auction was UAH 2 billion.
"The new instrument introduced by the National Bank of Ukraine in the summer of 2020 significantly contributes to the development of our country's financial markets and stimulates long-term financing," said Serhiy Panov, Chairman of the Board. - “We took part in the NBU auction for the sale of derivatives for the first time and plan to continue this practice. This tool will allow the bank to finance long-term investments to support the Ukrainian economy, "Panov added.
Banks could apply to participate in the auction until 12:00 on December 16 via the FX Trading functionality of the Refinitiv trading system or the IB Chat functionality of the Bloomberg system. The minimum application amount of the bank is UAH 10 million. One bank could submit no more than 5 applications.
Credit Dnipro Bank is a Ukrainian commercial bank, the beneficiary is Oleksandr Yaroslavsky, a Ukrainian businessman (TOP-10 Forbes Ukraine in 2020), owner of the DCH group (www.dch.com.ua), which combines the assets of such sectors of the economy as finance, industry, transport, construction and development, etc.
The bank is among the TOP-20 financial institutions of Ukraine in terms of gross assets and according to the classification of the National Bank of Ukraine is in the group of banks with private capital. As of December 1, 2020, the bank's assets amount to UAH 11,093 million, the authorized capital is UAH 1,207 million.