...

Azerbaijan ups average rate on bank deposits in manat

Business Materials 14 March 2012 17:57 (UTC +04:00)

Azerbaijan, Baku, March 14 / Trend A. Akhundov /

As of Feb. 1, 2012 the average interest rate on deposits in national currency - manat was 10.39 percent compared to 10.26 percent as of Jan. 1, 2012, 11.16 percent as of Feb. 1, 2011, the Azerbaijani Central Bank said today.

According to the CBA, the average rate on deposits in foreign currency amounted to 11.15 percent compared to 11.11 percent and 11.35 percent respectively.

The average rate on physical entities' deposits in national currency amounted to 10.81 percent as of Feb. 1. The figure hit 10.76 percent as of Jan. 1, on Feb. 1, 2011 - 11.83 percent.

The average rate on individual clients' deposits in foreign currency amounted to 11.28 percent compared to 11.27 percent and 12.12 percent respectively.

In early February, the average rate on legal entities' deposits in national currency amounted to 5.99 percent compared to 5.6 percent as of Jan. 1, 2012 and 6.27 percent as of Feb. 1, 2011. The average rate on corporate clients' deposits in foreign currency was 7.41 percent compared to 7.02 percent, 5.7 percent respectively.

Latest

Latest