Demand exceeds supply 2-fold at today's deposit auction

Economic Department
Author

Baku. 17 April. REPORT.AZ/ The Central Bank of Azerbaijan (CBA) has today held a regular deposit auction.

Report informs citing the CBA, the bank planned raising funds in the amount of 150 mln. AZN, but demand made 298 mln. AZN (98,67% more). 

Notably, weighted average interest rate on deposit transactions at the auction amounted to 13,96% per annum.

Other News

Average monthly salary in Nakhchivan rises 6.1% 13 October, 2026 / 16:22
Fitch: High returns on equity drive CIS+ banks to make acquisitions abroad 13 October, 2026 / 16:19
Azerbaijan preparing amendments to legislation on crypto assets 13 October, 2026 / 15:41
Central banks of Azerbaijan and Uzbekistan discuss prospects for further cooperation 13 October, 2026 / 15:19
GDP of Azerbaijan's Nakhchivan up 3.5% in Jan-Sept 2026 13 October, 2026 / 15:09
Azerbaijan to assess credit risk based on bank card transactions 13 October, 2026 / 14:48
Turkic states need unified digital wallet, Kyrgyz banker says 13 October, 2026 / 14:06
AzFina: Development of digital financial ecosystem entails new risks 13 October, 2026 / 12:09
Turkic states plan to establish common payment systems 13 October, 2026 / 11:59
Azerbaijani fintech companies to test products in Turkic states 13 October, 2026 / 11:50
Azerbaijan's CBA developing data and AI governance framework 13 October, 2026 / 11:42
Azerbaijan plans expansion of Instant Payment System 13 October, 2026 / 11:07
Azerbaijan's Central Bank to present bill to expand capabilities of fintech companies 13 October, 2026 / 11:01
Global trade issues to boost demand for secure fintech solutions 13 October, 2026 / 10:54
CBA currency exchange rates (13.10.2026) 13 October, 2026 / 09:15
Key indicators of world commodity, stock, and currency markets (13.10.2026) 13 October, 2026 / 09:00
IMF expects Azerbaijan's economy to grow 2% on average in 2026-2027 13 October, 2026 / 08:03
IMF raises Azerbaijan's 2026-2027 current account surplus forecast 13 October, 2026 / 07:51
CBA currency exchange rates (12.10.2026) 12 October, 2026 / 09:16
Atilla Benli elected chairman of Turkic World Insurance Union 10 October, 2026 / 21:29