Deposit base of Azerbaijani banks increases by 17 percent during year
Azerbaijan, Baku, Oct 20 /Trend/
During eight months, deposit base of Azerbaijani banks increased by 4.56 percent, and as compared to the same period of last year - increased by 16.9 percent, a statistical report of the Central Bank of Azerbaijan (CBA) said on Saturday.
According to the CBA, as of early September, the total amount of bank deposits and deposits of legal entities and individuals amounted to 9.878.3 billion manat compared to 9.447 billion manat as of early 2012, and 8.449.7 billion manat - as of early September 2011.
Some 4.541.1 billion manat of this volume fell to funds in manat, 5.337.4 billion manat - in foreign currency.
By early September, the volume of individuals' deposits in the country's banks amounted to 4.461.6 billion manat compared to 4.119.8 billion manat in early 2012, and 3.660.7 billion manat - as of Sept 1, 2011.
By early September, the volume of deposits of legal entities amounted to 2.610.3 billion manat compared to 2.519.5 billion manat as of early 2012, and 2.473.2 billion manat as of Sept 1, 2011.
By early September, the volume of deposits of non-financial organizations amounted to 2.850.5 billion manat compared to 2.807.6 billion manat as of early 2012, and 2.315.8 billion manat as of September 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.
Official exchange rate on Oct 20 is 0.7853 AZN/USD