Azerbaijan, Baku, June 1 / Trend E. Aliyev /
As of May 1, 2013, Azerbaijani banks slightly reduced the average rate on deposits in manat and freely convertible currency by 0.6-0.7 percentage points.
According to the Azerbaijani Central Bank's statistics report, the average rate on deposits in manat as of May 1, 2013 was 9.55 percent compared to 10.19 percent as of May 1, 2012.
The average rate on deposits in foreign currency amounted to 10.25 percent compared to 10.97 percent as of early May 2012.
As of May 1, 2013, the average rate on physical entities' deposits in manat was 9.98 percent compared to 10.71 percent as of May 1, 2012. The average rate on individual clients' deposits in foreign currency amounted to 10.62 percent compared to 11.16 percent as of early May 2012.
As of early May 2013, the average rate on legal entities' deposits in manat was 5.86 percent compared to 5.84 percent as of May 1, 2012. The average rate on corporate clients' deposits in foreign currency was 4.27 percent compared to 5.57 percent as of early May 2012.