Baku, Azerbaijan, Dec. 12
By Emin Aliyev - Trend:
As of Nov. 1, 2013, the Azerbaijani banks slightly reduced their interest rates on deposits in the national currency and in foreign currency, a statistics report of the Central Bank of Azerbaijan (CBA) said today.
According to the report, on Nov. 1, 2013 the average rate on deposits in manats was 9.43 per cent compared to 10.08 per cent on Nov. 1, 2012. The average rate on deposits in foreign currency amounted to 9.9 per cent compared to 10.3 per cent in early November 2012.
As of Nov. 1, 2013, the average rate on deposits of physical entities in manats was 9.83 per cent, while on Oct. 1, 2012, this figure was 10.37 per cent. The average rate on deposits of individual customers in foreign currency amounted to 10.35 per cent compared to 10.84 per cent in early Nov. 2012.
According to the report, in early Nov. 2013 the average rate on deposits of legal entities in manats amounted to 5.74 per cent compared to 6.96 per cent on Nov. 1, 2012. The average rate on deposits of corporate clients in foreign currency amounted to 3.71 per cent compared to 3.79 per cent in early Nov. 2012.
Translated by NH
Edited by SM