Volume of deposits in Azerbaijan grows
BAKU, Azerbaijan, Sept. 25
By Zeyni Jafarov - Trend:
The total volume of deposits in Azerbaijan amounted to 19.6 billion manat ($11.5 billion) at the end of August 2020, which is 1.03 percent more than last month, Trend reports citing a report of the Central Bank of Azerbaijan (CBA).
As of late August 2020, the volume of deposits of non-financial organizations increased by 0.3 percent compared to the end of July, amounting to 2 billion manat ($1.1 billion).
At the same time, deposits of individuals increased by 1.3 percent over the month, having surpassed 7.7 billion manat ($4.5 billion).
Deposits of legal entities at the end of August this year amounted to 11.8 billion manat ($6.9 billion), which is 0.9 percent more than at the end of July 2020.
The total volume of banks' liabilities amounted to 26.4 billion manat ($15.5 billion), which is 2.3 percent more compared to the previous month.
(1 USD = 1.7 manat on Sept. 25)