Baku, Azerbaijan, Feb. 9
By Emin Aliyev - Trend:
As of Jan. 1, 2014, Azerbaijani banks slightly reduced the rate on deposits in manat (by 5.7 percent) and in freely convertible currency (by 5.1 percent), according to a statistics report of the Central Bank of Azerbaijan (CBA).
The average rate on deposits in manat as of January 1, 2014 was 9.42 percent compared to 9.99 percent as of January 1, 2013. The average rate on deposits in foreign currency amounted to 9.66 percent compared to 10.18 percent as of early January 2013, according to the report.
As of January 1, 2014, the average rate on physical entities' deposits in manat was 9.81 percent compared to 10.25 percent as of January 1, 2013. The average rate on individual clients' deposits in foreign currency amounted to 10.23 percent compared to 10.75 percent as of early 2013.
As of early 2014, the average rate on legal entities' deposits in manat was 5.74 percent compared to 6.95 percent as of January 1, 2013, according to the report.
The average rate on corporate clients' deposits in foreign currency was 2.98 percent compared to 3.69 percent as of early 2013.
Translated by N.H.