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Demand exceeds supply 3,3 -fold at CBA’s deposit auction
Finance
- 30 May, 2017
- 09:49
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Baku. 30 May. 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 amount of 150 mln. AZN, but demand made 495,7 mln. AZN (3,3-fold). As a result of the auction on deposit transactions a total of 150 mln. AZN were attracted.
Notably, weighted average interest rate on deposit transactions at the auction amounted to 12,01% per annum.
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