Rate of Growth of Investments by Azerbaijani Population Exceeds Deposits by Juridical Persons
Azerbaijan, Baku / Trend corr. I. Khalilova / The deposit base of Azerbaijani banks increased by 9.56% in August, and by 27.09% between January and August 2007, the National Bank of Azerbaijan (NBA) reported.
The summary volume of bank deposits and investments by juridical and natural persons made up AZN 2.7bln to1 September, AZN 2.47bln to 1 August, and AZN 2.13bln to 1 January 2007. Some 1.3bln made up manats and the rest in other currencies. The growth of manat deposits made up 15.3% in August.
Investments by natural persons increased by 10.3% and 9% for juridical persons. The growth rate of deposits of individual clients made up 46.4% and 15% for corporative clients.
The volume of investments by natural persons in banks within the country increased to AZN 1.2bln in August and AZN 819.5mln to 1 January 2007. The volume of deposits of juridical persons made up AZК 1.5bln to 1 September, AZN 1.38bln to 1 August, and AZN 1.3bln to 1 January 2007.
Some AZN 475.7mln investments and deposits were implemented in national currency. Some AZN 851.1mln deposits by juridical persons implemented in mantas, AZN 655.2mln were in hard currency.