Azerbaijani banks to augment their funds through Central Bank

Azerbaijani banks will get a chance to augment their funds with help of the Central Bank of Azerbaijan (CBA) on the Bloomberg trading platform June 13, 2016.
The CBA for the first time will attract funds from other banks of the country placed in form of deposits, said CBA in a message June 9.
The amount of the funds the CBA is willing to accept from the country’s banks is 150 million manats.
The interest of the deposits other banks will place in the CBA will vary between 4.01 percent and 6.99 percent.

Source: Trend