Baku, Azerbaijan, Nov. 19
By Anvar Mammadov – Trend:
As of September 2017, the total volume of deposits of physical and legal entities in Azerbaijani banks amounted to 19.48 billion manats, according to the report of Azerbaijan’s Central Bank.
The deposit base of banks decreased by 7.3 percent in September 2017 and by 14.7 percent for the year.
The volume of deposits in the Azerbaijani national currency, the manat, reached 4.94 billion manats as of September 2017, 2.79 billion manats of which accounted for demand deposits, and 2.15 billion manats - term deposits, the report said.
The volume of deposits in the Azerbaijani national currency, the manat, reached 14.54 billion manats as of September 2017, 6.06 billion manats of which accounted for demand deposits, and 8.48 billion manats - term deposits, the report said.
Thus, as of October 1, 2017, 25.4 percent accounted for the deposits in manats, and 74.6 percent of the total deposit base of banks accounted for the deposits in foreign currency.
According to the report, the physical entities' deposits exceeded 7.02 billion manats in September 2017. Most of the physical entities' deposits accounted for the ones in the foreign currency – 71.8 percent or 5.04 billion manats, the report said.
According to the report, the population’s deposits increased by 1.7 percent for the month and decreased by 10.1 percent for the year.
The total volume of the legal entities’ deposits in Azerbaijani banks reached 12.46 billion manats or by 17.5 percent (15.03 billion manats) less than in September 2016, the report said.
As of October 1, 2017, the volume of the Azerbaijani financial organizations’ deposits reached 2.13 billion manats compared to 5.87 billion manats as of October 2016.
A sharp decrease in the deposits of financial organizations is connected with the restructuring of the International Bank of Azerbaijan
The volume of the Azerbaijani non-financial organizations’ deposits reached 10.33 billion manats compared to 9.16 billion manats as of September 2016.