Manat deposits in banks grow up

Business Materials 19 June 2006 14:30 (UTC +04:00)

According to the National Bank of Azerbaijan (NBA), as of May 1 manat deposit in Azeri banks rose by 13.7% and amounted 1.4955bn manat. NBA officials told Trend that cumulative amount of bank deposits placed by legal entities and physical persons rose by 34.9% over year.

During the year, fraction of deposits in national currency rose to 42.7% and amounted 638.9mln manat. 856.7mln manat of currency were deposited in banks.

As of May 1, legal entities deposits rose by 35% and amounted 568.4mln manat.

Due to strengthening of national currency rate, manat deposits rose in 2.15 times over year and by 35.3% from the beginning of 2006, while currency deposits rose by 27.4% and 12.4%, respectively.