BAKU, Azerbaijan, August 12. A total of 1,530
transactions worth 55.7 billion manats ($32.8 billion) were
conducted on the Bloomberg trading system in Azerbaijan’s unsecured
interbank market during the first six months of 2026.
According to the Central Bank of Azerbaijan (CBA), the volume of
transactions increased by 35% compared with the same period last
year.
The CBA said transactions with maturities of one to three days
accounted for 96% of the total volume.
“Money market activity remained high in the first six months of
2026. Continued demand for short-term financial resources supported
activity in the interbank market. At the same time, interest rates
declined in some segments of the money market,” the central bank
said.
Interest rates in the unsecured interbank market also declined
during the reporting period. The average interest rate on
transactions conducted in the first quarter of 2026 was 6.58%,
falling to 6.44% in the second quarter.
Overall, the average interest rate in the unsecured market stood
at 6.55% in the first half of 2026, down 0.71 percentage points
from the same period last year.
Activity in the repo market also remained high. In particular,
the second quarter of 2026 saw the highest transaction volume in
recent periods.
A total of 3,015 repo transactions worth 20.6 billion manats
($12.1 billion) were conducted during the first six months of the
year, with banks accounting for 87% of the total volume.
Transactions with maturities of six to eight days accounted for 90%
of repo transaction volume.
The weighted average interest rate on repo transactions
continued to decline quarter-on-quarter. The average rate fell from
6% in the first quarter to 5.68% in the second quarter.
Overall, the average interest rate on repo transactions stood at
5.83% in the first half of 2026, down 1.08 percentage points from
the same period last year.
