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Average rate on deposits in national currency increases in April

Business Materials 6 June 2009 16:37 (UTC +04:00)

Azerbaijan, Baku, June 6 / Trend , N.Ismaylova /

As of May 1, 2009 the average rate of bank deposits in the national currency comprised 11.59 percent compared to 11.46 percent as of April 1, 11.61 percent as of the beginning of the year and 11.51 percent as of May 2008. The average rate of banking deposit in foreign currency is 10.84 percent compared with 11.28 percent, 7.96 percent and 9.51 percent respectively.

As of May 1, 2009 the average rate of bank deposits of physical entities in the national currency comprised 12.42 percent compared to 12.41 percent as of April 1, 12.54 percent as of Jan. 1, and 12.76 percent as of May 1, 2008. The average rate of banking deposit of individual client in foreign currency is 12.51 percent compared to 12.62 percent, 12.43 percent and 12.7 percent respectively.  

As of May 1, 2009 the average rate of bank deposits of legal entities in the national currency comprised 9.49 percent compared to 9.19 percent as of April 1, 9.48 percent as of Jan. 1, 2009 and 9.69 percent as of May 1, 2008. The average rate of banking deposit of corporate client in foreign currency is 6.4 percent compared to 6.78 percent, 5.4 percent and 5.61 percent respectively

Official rate on May 6 is 0.8036 AZN/USD.

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