Depositary base of Azerbaijani banks increased 3.7 percent in April, dropped by 26.3 percent in January-April and by 13 percent in annualized pace, the Central Bank of Azerbaijan (CBA) said.
The CBA said as of May 1, total sum of bank deposits and deposits by juridical entities and individuals hit 3.205 billion manat compared to 3.091 billion manat in April 2009 and 4.348 billion manat in January 2009 and 3.682 million manat in early May 2008. About 1.435 million accounted for manat and 1.770 million manat for currency.
In April, deposits by individuals increased 5.25 percent and juridical entities - 1.6 percent. The reduction of deposits by individual clients hit 2 percent and corporative clients - 45.2 percent in January-April 2009. Deposits by individuals increased by 17.1 percent, while deposits by corporative clients dropped by 35.9 percent in the annualized pace.
As of May 1, the deposits of physical persons hit 1.865 million manat from the previous 1.772 billion manat in April 1 and 1.903 million manat in January and 1.593 in May 1, 2008. Deposits of legal entities totaled 1.339 billion manat in early May compared to 1.318 billion manat as of April 1 and 2.444 billion manat as of January 1 and 2.088 million manat as for May 1, 2008.
As of May 1, the deposits by individuals in national currency hit 661.9 million manat and 1.174 million manat in hard currency, by juridical entities - 744.1 million manat and 595.6 million manat in hard currency.
The CBA said as of May 1, 2009, the percentage of deposit account and deposits in manat hit 43.4 percent, compared to 47.6 percent in Jan. 1, 2009. Individuals and juridical entities prefer to deposit in manat for 1-5 years and 9-12 months in commercial banks. Out of the total sum of deposits and deposits in manat account for deposits for the period of 9-12 months and 1-5 years. As of Jan. 1, 2009, the figure was 77.7 percent and 81.7 percent in April 1, 2009.
Out of the total amount of deposits and deposits in national currency is 40 percent, compared to 41.5 percent as of early 2009, and in foreign currency - 60 percent, compared to 58.5 percent respectively.
On June 6, the official exchange rate is 0.8036 manat to $1.
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