BAKU, Azerbaijan, Jan. 3
By Nargiz Ismayilova - Trend:
Total volume of deposits in Azerbaijan exceeded 23.5 billion manat ($13.8 billion) in November 2019, which is 6.7 percent more compared to the same period of 2018, Trend reports referring to the Azerbaijani Central Bank (CBA).
The volume of deposits of non-financial organizations increased by 6.2 percent compared to November 2018 (12.4 billion manat, or $7.2 billion), amounting to over 13.1 billion manat ($7.7 billion). The total volume of deposits of legal entities in November 2019 exceeded 14.8 billion manat ($8.7 billion).
The deposits of individuals increased by 7 percent and exceeded 8.6 billion manat ($5.1 billion).
In November 2019, deposits in foreign currency amounted to over 14.8 billion in manat equivalent ($8.7 billion), which is by 1.5 percent more than in the same period last year.
Significant growth of deposits in the national currency is observed, which increased by 15.7 percent compared to November 2018, having exceeded 8.7 billion manat ($5.1 billion).
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