Average rate on deposits in manat ups in Azerbaijan

Azerbaijan, Baku, May 1 / Trend N.Ismayilova /

Average rate on deposits in manat as of April 1, 2010, amounted to 11.40 percent compared to 11.30 percent as of March 1, 11.46 percent as of April 1, 2009, the Central Bank of Azerbaijan reported.

Average rate on deposits in foreign currencies amounted to 11.09 percent compared to 10.99 percent and 11.28 percent respectively.

As of April1, 2010, the average rate on deposits of individuals in manat was 13.09 percent compared to 13 percent as of March 1, 12.41 percent as of the beginning of April 2009. Average rate on deposits from individual customers in foreign currencies amounted to 12.58 percent compared to 12.54 percent and 12.62 percent respectively.

As of beginning of April, the average rate on deposits of legal entities in manat was 5.36 percent compared to 5.60 percent as of March 1, 9.19 percent as of April 1, 2009. Average rate on deposits from corporate clients in foreign currency amounted to 5.88 percent compared to 5.92 percent and 6.78 percent respectively.

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