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Average rate on manat deposits in Azerbaijani banks decreases in May

Business Materials 3 July 2009 21:02 (UTC +04:00)

Azerbaijan, Baku, July 3 / Trend , N.Ismaylova /

The average rate on deposits in national currency of Azerbaijan as of 1 June 2009 was 11.28 percent compared to 11.59 percent as of 1 May and 11.69 percent as of the beginning of June 2008, the Central Bank of Azerbaijan (CB) said.

Average rate on deposits in foreign currencies amounted to 10.56 percent compared to 10.84 percent and 12.6 percent respectively.

As of 1 June, the average rate on deposits of physical entities in manat was 12.42 percent compared to 12.54 percent as of the beginning of January and 12.94 percent as of 1 May 2008. Average rate on deposits from individual clients in foreign currencies amounted to 12.31 percent compared to 12.43 percent and 12.94 percent respectively.

As of the beginning of June, the average rate on deposits of legal entities in manat was 8.67 percent compared to 9.48 percent as of 1 January, 9.86 percent as of 1 June 2008. Average rate on deposits from corporate clients in foreign currency amounted to 6.09 percent compared to 5.4 percent and 5.69 percent respectively.

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