Demand exceeds supply 4,5-fold at CBA's deposit auction

Baku. 14 August. 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 444,7 mln. AZN (4,5-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.