Baku, Azerbaijan, April 9
By Ilkin Shafiyev– Trend:
The volume of deposits of legal entities and individuals in Azerbaijani banks totaled 20.68 billion manats in February 2018, which is 0.42 percent more than Jan.1, 2018, according to a report of the country’s Central Bank.
The deposit base decreased by 4.94 percent compared to February 2017.
Deposits in national currency amounted to 5.83 billion manats (28.18 percent of all deposits), and foreign currency – 14.86 billion manats (71.82 percent).
Deposits of individuals amounted to 7.497 billion manats (an increase of 3.2 percent per year) in the period, the majority of which are deposits in foreign currency – 66.26 percent or 4.967 billion manats.
Total volume of deposits of legal entities in Azerbaijani banks amounted to 7.75 billion manats (showing an increase of 8.37 percent compared to February 2017), most of which are deposits in foreign currency - 62.13 percent, or 4.82 billion manats.
The total volume of deposits of legal entities in Azerbaijani banks amounted to 12.93 billion manat.
In February 2018, the volume of deposits of financial organizations of Azerbaijan amounted to 1.869 billion manats as compared to 5.332 billion manats in the same period of 2017. Deposits of non-financial organizations totaled 11.07 billion manats as compared to 9.33 billion manats in February 2017.
(1 USD = 1.7 AZN on April 9)