Reduced bank deposit rates will not lessen the financial risks in Azerbaijan

Reduced bank deposit rates will not lessen the financial risks in Azerbaijan Azerbaijan Deposit Insurance Fund (ADIF) decreased the maximum insurance rate on household deposits attracted by banks from 9% to 10 % on May 20, 2014. Centre for Economic and Social Development (CESD) announced that this is the second time of reduction in the 9 months- in August last year, the rate decreased from 12 to 10 % at a consistently high percentage of business and banking loans, and particularly... Read More