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Azerbaijan central bank issues loan to Azerbaijan Deposit Insurance Fund.

Global Banking News-March 14, 2016--Azerbaijan central bank issues loan to Azerbaijan Deposit Insurance Fund

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Global Banking News - 14 March 2016

(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The Azerbaijan central bank has announced that it has allotted funds to the Azerbaijani deposit insurance fund (ADIF).

The central bank said that it has allocated a loan worth AZR22m to ADIF. The loan has been allocated for a period of one year at 5 percent per annum.

Officials said that the fund would help sustain the currency structure of the fund's assets.

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Publication:Global Banking News (GBN)
Date:Mar 14, 2016
Words:122
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