Azerbaijan, Baku, Sept. 7 / Trend A.Hasanov /
In July 2012, deposit base of Azerbaijani banks decreased by 1 percent, while as compared to July 2011 - increased by 15.85 percent, a statistical report of the Central Bank of Azerbaijan (CBA) said on Thursday.
According to the CBA, as of early August, the total amount of bank deposits and deposits of legal entities and individuals amounted to 9.668.7 billion manat compared to 9.704.3 billion manat as of early June 2012, and 8.345.8 billion manat - as of early August 2011.
Some 4.427.8 billion manat of this volume fell to funds in manat, 5.241 billion manat - in foreign currency.
In July individuals' deposits increased by 0.97 percent and the volume of deposits of legal entities decreased by 1.47 percent. Deposits of individual customers increased by 24.59 percent compared to July 2011, while deposits of corporate clients - by 9.3 percent.
By early August, the volume of individuals' deposits in the country's banks amounted to 4.415.2 billion manat compared to 4.372.6 billion manat in early July, and 3.543.6 billion manat - as of Aug 1, 2011.
By early August, the volume of deposits of legal entities amounted to 5.253.5 billion manat compared to 5.331.7 billion manat as of early July, and 2.595.1 billion manat as of August 1, 2011.
By early August, the volume of deposits of non-financial organizations amounted to 2.754 billion manat compared to 2.824.6 billion manat as of early July, and 2.595.1 billion manat as of August 1, 2011.
There are 43 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 0.7853 manat to $1 on Sept. 7.