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Average deposits rate in foreign currency increase

Business Materials 2 March 2010 15:54 (UTC +04:00)

Azerbaijan, Baku, March.02 / Trend U.Ismayilova /

As of Feb.1, 2010, the average deposit rate in national currency hit 11.27 percent compared to 11.72 percent as of Jan.1 and 11.57 percent as of Feb.1, 2009, the Central Bank of Azerbaijan (CBA) said.

The average deposit rate in the foreign currency hit 11.02 percent compared to 10.71 percent and 8.2 percent, respectively. 

As of Feb.1, 2010, the average deposits rate of physical entities in manat hit 13.07 percent compared to 12.98 percent as of Jan.1 and 12.38 percent in early February 2009.

Average rate on deposits from individual clients in foreign currency comprised 12.54 percent compared to 12.28 percent and 12.36 percent respectively.

As of Feb.1, 2010, the average deposits rate of legal entities in manat hit 5.57 percent compared to 6.65 percent as of Jan.1 and 9.49 percent as of Feb.1 2009.

Average rate on deposits from corporate clients in foreign currency amounted to 5.97 percent compared to 5.98 percent and 5.52 percent respectively.

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