Azerbaijan increases manat deposit insurance rate to 15%

It was carried out after CBA increased discount rate to 15%

Baku. 16 September. REPORT.AZ/ Manat deposit insurance rate in Azerbaijani banks has been increased from 12% to 15%.

Report informs, Chairman of the Azerbaijani Banks Association,  Zakir Nuriyev told reporters.

According to him, it was carried out after Central Bank of Azerbaijan (CBA) increased discount rate to 15%: 'Of course, increase of insured deposits rate will raise prices of the funds attracted by the banks, but experience shows gradual reduction in interests'. 

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

All news

Orphus sistemi