CBA raises AZN 150 million at deposit auction


September 16, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held another deposit auction for banks.

The CBA reports that the Central Bank raised AZN 150 million at a deposit auction on September 16.

“The offer at the auction amounted to AZN 629,500,000. The weighted average interest rate was 6.26%. Funds are raised for 14 days,” the CBA said.

The CBA began holding deposit auctions in June 2016.