Demand exceeds supply 4,4-fold at CBA's deposit auction

Baku. 3 July. 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 100 mln. AZN, but demand made 437,4 mln. AZN (4,4-fold).

Notably, weighted average interest rate on deposit transactions at the auction amounted to 10,01% per annum. Total of $ 100 mln AZN were attracted on deposit transactions concluded as a result of auction.