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Average deposit rates reduces in Azerbaijan

Business Materials 4 October 2010 12:02 (UTC +04:00)

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

Average rate on deposits in manat as of Sept.1 2010 amounted to 10.99 percent compared to 11.69 percent as of Aug.1, 11.61 percent as of Jan.1, 2009, the CBA reported

Average rate on deposits in foreign currencies amounted to 10.57 percent compared to 11.89 percent and 9.56 percent, respectively.

As of Sept.1, the average rate on deposits of individuals in manat was 12.09 percent compared to 12.68 percent as of Aug.1, 12.92 percent as of Sept.1, 2009. Average rate on deposits from individual customers in foreign currencies amounted to 12.11 percent compared to 12.52 percent and 12.30percent, respectively

As of early August, the average rate on deposits of legal entities in manat was 6.14 percent compared to 6.88 percent as of Aug.1, 8.26 percent as of Sept.1, 2009. Average rate on deposits from corporate clients in foreign currency amounted to 5.66 percent compared to 6.01 percent and 4.85 percent respectively.

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