The fund has been placed for the period of one year at 4%.
The executive director added that if bank wants the period of deposit may be extended.
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SOFAZ may extend period of deposit in International Bank of Azerbaijan
12 October 2016
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SOFAz Executive Director Shahmar Movsumov commented on the placement of deposits in the International Bank of Azerbaijan.
According to him, the Fund may place 5% of its assets in the local market: “This makes up $1.6 billion. We have placed $1 billion and don’t intend to place $600,000”.
The fund has been placed for the period of one year at 4%.
The executive director added that if bank wants the period of deposit may be extended.
The fund has been placed for the period of one year at 4%.
The executive director added that if bank wants the period of deposit may be extended.
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