Demand exceeds supply 3,3 -fold at CBA’s deposit auction

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.