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Azerbaijani banks' depositary base ups in March

Business Materials 4 May 2011 10:05
Depositary base of Azerbaijani banks increased by 6.2 percent in April, by 1.5 percent from early 2011, the Central Bank of Azerbaijan (CBA) said.

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

Depositary base of Azerbaijani banks increased by 6.2 percent in April, by 1.5 percent from early 2011, the Central Bank of Azerbaijan (CBA) said.

Based on the CBA data, as of late March, total sum of bank deposits by legal and physical entities hit 5.532 billion manat compared to 5.209 billion manat as of late February and 5.448 billion manat as of early year. About 2.541 billion of this amount accounted for manat and 2.990 billion manat for currency.

In March, deposits by physical entities increased by 4.7 percent and deposits by legal entities by 8.5 percent. The deposits by individual clients increased by 8.6 percent, corporative clients reduced by 7.3 percent compared to early 2011.

As of late March, the deposits of physical entities hit 3.289 billion manat compared to 3.142 billion manat as of late February and 3.029 billion manat as of Jan.1, 2011.

Deposits of legal entities totaled 2.243 million manat in late March compared to 2.066 million manat as of late February and 2.419 billion manat as of Jan.1.

The official exchange rate is 0.7912 manat to $1 on May 4.

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