BAKU, Azerbaijan, September 5. The Ministry of
Finance of Azerbaijan convened the following deposit public sale to
strategically allocate capital from the state finances’s treasury
account into home banking establishments, meaning to optimize
useful resource administration throughout the nation, in the present day.
The information obtained by Trend from the ministry exhibits that the public sale
encompassed the allocation of 450 million manat ($264.7 million)
from the treasury account throughout three of the nation’s prime 5
banking establishments.
The capital infusion was allotted for a period of 28 days at a
weighted imply yield of seven %, contingent upon the
capitalization ratios and asset portfolios of the concerned
monetary establishments.
