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Azerbaijani banks' depositary base increased by 28 percent per year

Business Materials 4 August 2010 18:55 (UTC +04:00)

Azerbaijan, Baku, August 4 / Trend N. Ismayilova /

In June, a deposit base of Azerbaijani banks increased by 0.7 percent, and by 27.5 percent compared to June 2009, the Central Bank of Azerbaijan (CBA) said.

According to the CBA, at the end of June the total amount of bank deposits and deposits of legal and physical entities amounted 4,711,4 million manat compared to 4,679,9 million manat in late May, about 3696.3 million manat - at the beginning of July 2009. About 1,960.1 million manat manat fell to manat funds, and 2751.3 million manat - the currency.

In June physical entities' deposits have increased by 3,3 percent, while the volume of corporate deposits declined by 2.3 percent. In relation to the June 2009 deposits of individual customers increased by 32.4 percent and corporate deposits - by 22 percent.

By the end of June, the volume of physical entities' individual deposits in the banks amounted to 2.5628 billion manat compared to 2.4817 billion manat in late May, 1,935,6 million manat July 1, 2009.

By late June, the deposits of legal entities amounted to 2.1486 billion manat compared to 2,198.2 million in late May, 1760.7 manat - July 1, 2009.

On August 4, the official exchange rate is 0.8033 manat to $1.

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