CBA attracts more than AZN 1B from deposit auction last year

CBA attracts more than AZN 1B from deposit auction last year
  • Clock-gray 11:25
  • calendar-gray 21 February 2018

In 2017 Central Bank of Azerbaijan (CBA) held 61 deposit auctions on attraction of funds, 49 auctions for placement of notes, CBA said in its monetary policy review for 2017.     

 

Funds on deposit operations were attracted within 14 days, notes were placed in 28 days. As at the end of 2017 rest of funds attracted from deposit auctions and placement of notes made up AZN 1.9 billion, up 10.2-fold from previous year: ‘Funds attracted from deposits auctions amounted to AZN 1,013,000,000, from placement of notes – to AZN 926 million’.

 

The funds were attracted at 10%-14.87% interest rates, notes at 10.01%-14.99%.

 

 

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