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Demand exceeds supply almost 5 times at CBA's auction
Finance
- 23 October, 2017
- 08:22
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Baku. 23 October. 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 480,8 mln. AZN (4,8-fold).
As a result of the auction a total of 150 mln. AZN were raised.
Notably, weighted average interest rate on deposit transactions at the auction amounted to 10,01% per annum.
Author
AMB-nin depozit hərracında tələb təklifi 5 dəfə üstələyib
На депозитном аукционе ЦБА спрос превысил предложение в 5 раз
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