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Depositary base of Azerbaijani banks ups by 26 percent

Business Materials 1 July 2010 10:48 (UTC +04:00)

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

Depositary base of Azerbaijani banks increased by 1.5 percent in May, 26.3 percent compared to the same period in 2009, the Central Bank of Azerbaijan (CBA) said.

Based on the CBA data, as of late May, total sum of bank deposits and deposits by enterprises and individuals hit 4679.9 million manat compared to 4612.8 million manat as of late April and 3704.8 million manat as of early June 2009. About 1892.3 million accounted for manat and 2787.6 million manat for currency.

In May, deposits by individuals increased by 0.3 percent and legal entities by 2.8 percent. The deposits by individual clients increased by 29.6 percent, corporative clients by 22.8 39.9 percent compared to May 2009.

As of late May, the deposits of individuals hit 2481.7 million manat from the previous 2474.7 million manat as of late April and 1914.3 million manat as of June 2009.  

Deposits of legal entities totaled 2198.2 million manat in late May compared to 2138 million manat as of late April and 1790.4 million manat as of late June 2009.

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