BAKU, Azerbaijan, September 5. The Ministry of Finance of Azerbaijan convened the next deposit auction to strategically allocate capital from the state budget’s treasury account into domestic banking institutions, intending to optimize resource management within the nation, today.
The data obtained by Trend from the ministry shows that the auction
encompassed the allocation of 450 million manat ($264.7 million)
from the treasury account across three of the nation’s top five
banking institutions.
The capital infusion was allocated for a duration of 28 days at a
weighted mean yield of seven percent, contingent upon the
capitalization ratios and asset portfolios of the involved
financial institutions.
