Results of the Certificates of Deposit (CD) Auction

Results of the Certificates of Deposit (CD) Auction

11 May, 2011

On May 11, 2011, CDs (Certificates of Deposit) at the nominal value of 35 000 000 GEL were sold at the 90-day, National Bank of Georgia Certificate of Deposit Auction #19. The securities were purchased by eight commercial banks. The minimum interest rate was 8.45%, the maximum interest rate was 8.75%, and the average weighted interest rate was 8.54%.