Bank Of Baku

SOFAZ deposits AZN 340 million in UAE Bank

SOFAZ deposits AZN 340 million in UAE Bank
# 21 July 2025 10:44 (UTC +04:00)

Previous year, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) placed a short-term deposit of 340.34 million manats in the United Arab Emirates-based First Abu Dhabi Bank, APA-Economics reports, citing the Fund.

According to the information, the amount of the short-term deposit the institution placed in Japan's Mizuho Bank last year was 20% more than the previous year, 2.04 million manats.

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