Baku, Azerbaijan, Aug. 9
By Anvar Mammadov – Trend:
The volume of deposits of legal entities and individuals in Azerbaijani banks amounted to 21.6 billion manats in late June 2017, according to the report of the Central Bank of Azerbaijan (CBA).
Report says that during the month, deposit base of banks increased by 0.03 percent, and decreased by 7.6 percent in annual terms.
Deposits in national currency totaled 5.02 billion manats in the period, some 2.54 billion manats of which accounted for demand deposits, 2.48 billion manats – for time deposits.
Meanwhile, deposits in freely convertible currency totaled 16.58 billion manats, including 5.8 billion manats accounting for demand deposits and 10.78 billion manats – for time deposits.
Thus, as of July 1, 2017, deposits in manats accounted for 23.2 percent, deposits in foreign currency – for 76.8 percent of total volume of the Azerbaijani banks’ deposit base.
Deposits of individuals exceeded 6.91 billion manats in June 2017. A major part of these deposits (73.4 percent or 5.07 billion manats) accounted for foreign currency deposits. The volume of the population’s deposits increased by 0.9 percent during the month, and decreased by 11.6 percent in annual terms.
Total volume of deposits of legal entities in Azerbaijani banks amounted to 14.69 billion manats in the period that is by 5.5 percent less than in the same month of 2016 (15.55 billion manats).
As of July 1, 2017, the volume of deposits of Azerbaijan’s financial organizations totaled 4.73 billion manats as compared to 6.03 billion manats in the same period of 2016. The volume of deposits of non-financial organizations amounted to 9.96 billion manats, as compared to 9.52 billion manats in late June 2016.