Average rate on deposits drops in Azerbaijan
Azerbaijan, Baku, July 2 / Trend N.Ismayilova /
Average rate on deposits in manat as of June .1 2010 amounted to 11.2 percent compared to 11.87 percent as of May 1, 11.28 percent as of June 1, 2009. Average rate on deposits in foreign currencies amounted to 10.87 percent compared to 11.10 percent and 11.56 percent respectively.
As of June 1, the average rate on deposits of individuals in manat was 12.91 percent compared to 12.17 percent as of May 1, 12.42 percent as of the beginning of June 2009. Average rate on deposits from individual customers in foreign currencies amounted to 12.65 percent compared to 12.45 percent and 12.31 percent respectively.
As of early June, the average rate on deposits of legal entities in manat was 5.4 percent compared to 4.93 percent as of May 1, 8.67 percent as of June 1, 2009. Average rate on deposits from corporate clients in foreign currency amounted to 5.97 percent compared to 6.04 percent and 6.09 percent respectively.
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