BANK OF BAKU AUDITORS REPORT AND
FINANCIAL STATEMENTS AT
31 DECEMBER 1998
Note 8 - Deposits From Banks
1998
Amounts in nostro accounts by other banks in Azerbaijan Republic
855,147
The Bank pays a 2% p.a. interest on the daily balances of
vostro accounts which exceed USD 100,000. Interest rate for a term deposit
received from a local bank during the year was 15% p.a.
