Azerbaijani banks' deposit tops 20 percent in July
Azerbaijan, Baku, Sept. 11 / Trend , N.Ismayilova/
Depositary base of Azerbaijani banks increased 21.6 percent in July, but decreased 7.81 percent compared to early 2009 and 2.5 percent in annualized pace, the Central Bank of Azerbaijan (CBA) said.
The CBA said as of Aug. 1, total sum of bank deposits and deposits by enterprises and individuals hit 4.154 billion manat compared to 3.416 billion manat on July 1 and 4.505 billion manat on Jan. 1 2009 and 4.259 billion manat early August 2008. About 1.313 billion accounted for manat and 2.840 billion manat for currency.
In July, deposits by individuals increased 3.4 percent and juridical entities - 45.4 percent. The deposits by individual clients increased 5.02 percent, corporative clients reduced 17.2 percent in January-July 2009. Deposits by individuals increased by 13.2 percent, while deposits by corporative clients dropped by 13.6 percent in the annualized pace.
As of Aug. 1, the deposits of individuals hit 1.999 billion manat from the previous 1.934 billion manat on July 1 and 1.903 million manat in January and 1.766 on Aug. 1, 2008.
Deposits of legal entities totaled 2.154 billion manat in early August compared to 1.482 billion manat as of July 1 and 2.602 billion manat as of January 1 and 2.493 billion manat as for Aug. 1, 2008.
As of Aug. 1, the deposits by individuals in national currency hit 707 million manat and 1.292 billion manat in hard currency, by juridical entities - 606.3 million manat and 1.548 billion manat in hard currency.