Baku. Musa Ahmadov - APA-Economics. In January-September, 2014, the insurance reserves of the Deposit Insurance Fund rose 36.79% or AZN 23.8 mln to AZN 88.5 mln.
The funds in manat have been placed in government securities in amount of AZN 74.3 mln and annual average YTM makes 4.3%. In 9 months of 2013, the insurance reserves stood at AZN 64.7 mln, assets at AZN 66.9 mln. Funds in manat during the third quarter of 2013 were placed in government securities in amount of AZN 58 mln and annual average YTM is 4.4%.
Fund’s €5 mln is managed by Deutsche Asset & Wealth Management International.
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