Azerbaijan, Baku, July 9/ Trend, A. Hasanov /
In May 2012, deposit base of Azerbaijani banks increased by 1.46 per cent, while as compared to May 2011 - by 24.19 percent, a statistical report of the Central Bank of Azerbaijan (CBA) said.
According to the CBA, in early June, the total amount of bank deposits and deposits of legal and physical entities amounted to 9.884.5 billion manat compared to 9.870 billion manat as of early May 2012, as well as 7.959.1 billion manat - as of early June 2011.
Some 4.411.6 billion manat of this volume accounted for funds in manat, 5.472.9 billion manat - in foreign currency.
In May physical entities' deposits increased by 0.06 percent and the volume of deposits of legal entities grew by 0.21 percent. Deposits of individual customers increased by 30.7 percent compared to May 2011, while deposits of corporate clients - by 19.5 percent.
By early June, the volume of physical entities' deposits in the country's banks amounted to 4.341.7 billion manat compared to 4.338.8 billion manat in early May, 3.321.5 billion manat - as of June 1, 2011.
By early June, the volume of deposits of legal entities amounted to 5.542.8 billion manat compared to 5.531.2 billion manat as of early May, 4.431.7 billion manat as of June 1, 2011.
By early June, the volume of deposits of non-financial organizations amounted to 3.092.1 billion manat compared to 3.051.3 billion manat as of early May, 2.407.9 billion manat as of June 1, 2011.
There are 44 banks in Azerbaijan, one of which has no permission to accept deposits. Other banks are members of the Azerbaijan Deposit Insurance Fund.
The official exchange rate is 0.7856 manat to $1 on July 9.