KIEV, Feb. 22 – A fall in the funds on the correspondent accounts of Ukrainian banks has led to a rise in the rates on the interbank credit market, say bankers polled by Interfax-Ukraine.

"The growth in rates is linked with a fall in funds on the correspondent accounts of Ukrainian bank... The fall was caused by a purchase of NBU certificates by banks, large-scale payments to the budget and the fulfillment of liquidity norms," said the director of the treasury department of Kiev-based BM Bank, Taras Kyiak.