Central Bank raised AZN 150 million in deposit auction


May 13, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for banks.

The CBA reports that it raised AZN 150 million in the deposit auction on 13 May.

"The supply in the auction amounted to AZN 739.3 million. The weighted average interest rate made up 6.76%," the CBA said.

The finances were raised for the period of 14 days.

The CBA began holding deposit auctions in June 2016.