Baku, Azerbaijan, May 5
By Emin Aliyev - Trend:
As of April 1, 2014, the Azerbaijani banks slightly reduced rates on deposits in local and freely convertible currencies.
As of April 1, 2014, the average rate on deposits in national currency hit 9.32 percent compared to 9.84 percent as of April 1, 2013, according to a statistics report from the Central Bank of Azerbaijan (CBA).
The average rate on deposits in freely convertible currency was 9.64 percent compared to 10.33 percent as of early April 2013.
As of April 1, 2014, the average rate on physical entities' deposits in national currency amounted to 9.73 percent compared to 10.33 percent as of April 1, 2013.
The average rate on individual clients' deposits in freely convertible currency was 10.13 percent compared to 10.69 percent as of early April 2013.
As of April 1, 2014, the average rate on legal entities' deposits in national currency was 5.66 percent compared to 6.09 percent as of April 1, 2013.
The average rate on corporate clients' deposits in freely convertible currency was 3.48 percent compared to 4.62 percent in early April 2013.
Translated by NH
Edited by CN