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Demand exceeds supply twofold at CBA auction

Demand exceeds supply twofold at CBA auction
22.11.2016 10:30
Demand at a deposit auction held by the Central Bank of Azerbaijan (CBA) exceeded supply by twofold, said the CBA Nov. 21.

The CBA received 50 million manats (1.7091 AZN/USD on Nov. 21) from banks for deposit, while the demand was 105 million manats.

The Central Bank began to hold deposit auctions in mid-June 2016.

Thirty two banks, including two state-owned ones, operate in Azerbaijan.

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