Accra:CBA The structural liquidity surplus in Azerbaijan’s banking sector reached AZN 6.2 billion by the end of September, as reported by APA-Economics.
According to Azeri-Press news agency, the Central Bank of Azerbaijan (CBA) announced this development, highlighting that the surplus has increased 2.2 times compared to December of the previous year. The liquidity surplus calculates the difference between the Central Bank’s liabilities to the banking system and its claims on banks, excluding mandatory reserve funds.
The CBA primarily manages liquidity through 7-day deposit operations. At the end of September, these operations accounted for 66.4% of the sterilization portfolio in open market operations. In comparison, the previous announcement indicated a surplus of AZN 6.3 billion at the end of August, with 7-day deposit operations constituting 70.8% of the portfolio.