Central Bank raised AZN 100 million in a deposit auction

12:02 - 2.03.2020

On March 2, Fineko/abc.az. The Central Bank of Azerbaijan raised AZN 100 million in a deposit auction.

"On 2 March the CBA held another deposit auction for banks, in which it raised AZN 100 million. The offer in the auction amounted to AZN 632.7 million. The weighted average offer during the auction made up 5.51%," the CBA said.

The funds were raised for the period of 14 days.

The CBA started holding deposit auctions in June 2016.

 

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