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Average deposit rate increases in Azerbaijan

Business Materials 6 December 2010 14:16 (UTC +04:00)

Azerbaijan, Baku, Dec. 6 / Trend N.Ismayilova /

As of Nov.1, the average rate on deposits in manat amounted to 10.98 percent compared to 11.21 percent as of Oct.1, 11.91 percent as of Nov.1, 2009, the Central Bank of Azerbaijan (CBA) said.

Average rate on deposits in foreign currencies amounted to 10.5 percent compared to 10.41 percent and 10.89 percent, respectively.

As of Nov.1, the average rate on deposits of individuals in manat was 11.96 percent compared to 12.1 percent as of Oct.1, 13.21 percent as of early November 2009. Average rate on deposits from individual customers in foreign currencies amounted to 12.16 percent compared to 12.08 percent and 12.59 percent, respectively.

As of early November, the average rate on deposits of legal entities in manat was 6.5 percent compared to 6.02 percent as of Oct.1, 7.05 percent as of Nov.1, 2009. Average rate on deposits from corporate clients in foreign currency amounted to 5.72 percent compared to 5.58 percent and 5.81 percent respectively.

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