Results of the Certificates of Deposit (CD) Auction

Results of the Certificates of Deposit (CD) Auction

16 March, 2011

On March  16, 2011, CDs (Certificates of Deposit) at the nominal value of 35 000 000 GEL were sold at the 91-day, National Bank of Georgia Certificate of Deposit Auction #11. The securities were purchased by seven commercial banks. The minimum interest rate was 8.88%, the maximum interest rate was 9.15%, and the average weighted interest rate was 9.08%.