Statement about interest rate on insured deposits


December 8, Fıneko/abc.az. Changing of the upper limit of the annual interest rate on the insured deposits in banks is not on the agenda of the Board of Trustees of the Azerbaijan Deposit Insurance Fund (ADIF).

ABC.AZ reports that this was stated at a press conference by ADIF executive director Tural Piriyev. He noted that currently the interest rate of deposits in foreign currency in Azerbaijani banks is about 1-1.5% per annum.

"The Fund insures deposits with a return of up to 2.5% per annum. If the interest on deposits in banks increases, the interest on insurance could be reviewed," he emphasized.