BAKU, Azerbaijan, August 14. The ball kept rolling in the unsecured sector of the interbank market in Azerbaijan during the first half of this year, with 2,148 transactions made between banks in the Bloomberg trading system, racking up a hefty sum of 41.4 billion manat ($24.3 billion).
The data obtained by Trend from the Central Bank of Azerbaijan (CBA) showed that 95 percent of these transactions were completed within one to three days.
In juxtaposition to the corresponding timeframe from the previous fiscal year, the transactional throughput within the unsecured market experienced a robust escalation of 26 percent, while the transaction count surged by an impressive 55 percent.
"Short-term interest rates in the money market moved within the interest corridor during the reporting period. In the first half of 2025, the one-day interbank unsecured money market reference interest rate - the AZIR index—fluctuated over the months, but within the interest corridor, it moved on a trajectory close to the discount rate. Thus, the spread between the AZIR index and the discount rate was - 0.4 percent in the first quarter and -0.22 percent in the second quarter. In general, the standard deviation of the AZIR index from the discount rate in the first six months of 2025 was 0.29 percentage points," the CBA noted.
