15:07 - 9.01.2024

---

January 9, Fineko/abc.az. Currently, due to high interest rates at international markets, some Azerbaijani banks also accept deposits above the annual interest rate on dollar-backed deposits.

ABC.AZ reports that Association of Banks of Azerbaijan’s chairman of board Zakir Nuriyev said about this.

"Their placement is currently underway. However, in manats, all banks unequivocally accept deposits only within the limits of the insured interest rate. We believe there will be no problems in the banks in this regard. Because there are no plans to bankrupt any bank operating in the country," Nuriyev said.

In the member banks of the Azerbaijan Deposit Insurance Fund, accepted deposits are insured for up to 100,000 manats with annual interest rate of 2.5% in foreign currency and 12% in national currency.