Local banks to raise funds through CBA
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The Central Bank of Azerbaijan (CBA) will attract funds from other banks of the country placed in form of deposits at an auction for the second time on July 4, the Bank reported.
Thus, Azerbaijani banks will be able to augment their funds with the help of the CBA at the auction which will take place on the Bloomberg trading platform.
The amount of the funds the CBA is willing to accept from the country's banks is 50 million manats.
The interest of the deposits other banks will place in the CBA for one month’s period will vary between 4.01 percent and 6.99 percent.
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