In December 2017, 6 banks in Azerbaijan reduced annual interest rates of deposits. The process of cheapening covers deposits in manats, in euros, and in dollars.Thus, the annual yield of deposits placed for a period of one year decreased inAccess Bank from 12-13% to 10.3-11%, in the International Bank of Azerbaijan (IBA) from 9-10% to 9-9.5%, in Azer-Turk Bank from 10.5-11% to 9- 9.5%, in Bank VTB Azerbaijan from 6-12% to 3-12%, in Rabita Bank fr...

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