...

Deposit rate decreases in Azerbaijan

Business Materials 11 September 2009 20:30 (UTC +04:00)

Azerbaijan, Baku, September 11 / Trend , N.Ismaylova /

Average rate on deposits in manat as of August 1, 2009, amounted to 11.27 percent compared to 11.45 percent as of July 1, 11.61 percent as of January 1, 2009 and 11.97 percent as of the beginning of August 2008, Central Bank of Azerbaijan reported.

Average rate on deposits in foreign currency amounted to 9.38 percent compared to 10.77 percent, 7.96 percent and 9.52 percent respectively.

As of August 1, the average rate on deposits by individuals in manat was 12.53 percent compared to 12.75 percent as of July 1, 12.54 percent as of the beginning of January and 12.71 percent as of August 1, 2008. Average rate on deposits by individual customers in foreign currencies amounted to 12.30 percent compared to 12.53 percent, 12.43 percent and 12.93 percent respectively.

As of August 1, the average rate on deposits by legal entities in manat totaled at 8.26 percent compared to 8.36 percent as of July 1, 9.48 percent as of January 1 and 10.07 percent as of August 1, 2008. Average rate on deposits by corporate clients in foreign currency amounted to 4.85 percent compared 6.19 percent, 5.4 percent and 5.19 percent respectively.

Do you have feedback? Contact our journalist at: [email protected]

Latest

Latest