In July of this year, in 18 banks of Azerbaijan, the situation with deposits acceptance has changed. Banks basically reduced the cost of manat and dollar deposits. The decline in the mass interest rate is associated with a decrease in the percentage of deposit insurance (for manat deposits from 15% to 10%, in foreign currency from 3% to 2.5%). Therefore, the interest on deposits is aligned with the new situation.Thus, the annual interest rate on...

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