Azerbaijan, Baku, Nov. 11 / Trend , N.Ismayilova /
As of Oct. 1, 2011, the total amount of bank deposits and deposits of legal entities and individuals in the Azerbaijani banks amounted to 6.152.8 billion manat, the Central Bank of Azerbaijan (CBA) reported.
Including deposits of non-residents and government agencies, the figure was 8.740.6 billion manat, which is more by 3.4 percent compared to Sept.1.
In general, the deposit base of Azerbaijani banks increased by 14.6 percent in January-October of 2011 and by 32.6 percent - year on year. As of Sept.1, the deposit base of the Azerbaijani banks amounted to 8.449.7 billion manat, 7.625.8 billion manat - Jan.1, 2011 and 6.591.3 billion manat- Oct.1,2010.
As of Oct.1, 2011, the volume of physical entities' deposits in banks in Azerbaijan amounted to 3.622.4 billion manat, which is 29.4 percent higher compared to the same period of 2010 (2.798.3 billion manat).
Some 1.798.7 billion manat (49.6 percent) of the population were placed in the national currency - manat, 1.823.7 billion manat - in foreign currency. Unlike the data for August, when the cash deposits of the Azerbaijani population in national currency exceeded the cash deposits in foreign currency, the situation is reversed in September.
As of Sept.1, 2011, the volume of physical entities' deposits in Banks in Azerbaijan amounted to 3.660.7 billion manat, of which 1.837.7 bmillion manat (50.2 percent) were placed in the national currency - manat, 1.823 billion manat - in foreign currency.
About 76 percent of the cash deposits are in accounts of private banks.
As of September, the amount of legal entities' deposits totaled 2.530.4 billion manat, of which 661.4 million manat invested in the national currency, 1868.9 million manat - in foreign currency.
As of Sept.1, the amount of legal entities' deposits in banks totaled 2.437.2 billion manat compared to 2.177 billion manat as of early 2011, 2.026. 6 billion manat as of September 2010.
Average rate on deposits in manat as of Oct.1, 2011 amounted to 10.78 percent compared to 10.67 percent as of Sept.1, 11.11 percent as of Jan.1, 2011.
Average rate on deposits in foreign currencies amounted to 11.46 percent compared to 11.26 percent and 11.64 percent respectively.
As of Oct.1, the average rate on deposits of individuals in manat was 11.38 percent compared to 11.34 percent as of Sept.1, 11.79 percent as of early 2011. Average rate on deposits from individual customers in foreign currencies amounted to 11.59 percent compared to 11.39 percent and 12.27 percent respectively.
As of early October, the average rate on deposits of legal entities in manat was 6.19 percent compared to 6percent as of Sept.1, 6.19 percent as of Jan.1, 2011. Average rate on deposits from corporate clients in foreign currency amounted to 8.04 percent compared to 7.43 percent and 6.27percent respectively.
The official exchange rate is 0.7866 manat to $11 on Nov. 11.