Azerbaijan, Baku, August 7 /Trend/
The depositary base of Azerbaijani banks increased by 6.55 percent in the first six months of 2013 and by 17.5 percent per annum.
As of July 1 the total amount of bank deposits and deposits of individuals and legal entities totaled 11.399.4 billion manat compared to 9.704.3 billion manat in the same period of 2012.
Of this, some 5.786.3 billion manat are cash in manat, of which 2.243.1 billion manat are demand deposits and 3.543.2 billion manat are term deposits. The funds in foreign currency amounted 5.613.6 billion manat (1.523.1 billion manat and 4.090.5 billion manat, respectively).
The deposits of physical entities increased by 35.4 percent compared to the same period of 2012. Legal entities' deposits also slightly increased (by 2.7 percent).
In January-June 2013, the volume of physical entities' deposits in banks amounted 5.922.2 billion manat compared to 4.372.6 billion manat in the same period of 2012.
According to CBA, some 3.583.9 billion manat (60.52 percent) were placed by population in the national currency - manat, and some 2.338.4 billion manat were placed in the Freely Convertible Currency.
In 2013 the tendency of prevailing of Azerbaijani population's deposits in national currency over deposits in foreign currency in the banks remained.
For comparison, in the first half of 2012 some 2.480.8 billion manat (56.7 percent) were placed by population in the national currency - manat, and some 1.891.8 billion manat were placed in the Freely Convertible Currency.
There are 43 banks in Azerbaijan, 42 out of which are the members of the Azerbaijan Deposit Insurance Fund.
The official rate for August 7 is 0.7844 AZN/USD.