...

Number of client accounts in Azerbaijani banks increasing

Finance Materials 20 April 2021 21:15 (UTC +04:00)
Number of client accounts in Azerbaijani banks increasing

BAKU, Azerbaijan, April 20

By Zeyni Jafarov - Trend:

Number of client accounts in Azerbaijani banks exceeded 21.4 million by early March 2021, which shows an increase of 10 percent for the year, Trend reports on April 20 with reference to the statistics report of the Central Bank of Azerbaijan (CBA).

A big part (87 percent) in the structure of client accounts accounted for current accounts in the volume of 18.6 million, which is by 13 percent more than by early March 2020.

Almost the whole share belongs to individuals (18.3 million) in the structure of current accounts.

Credit accounts, accounting for 12.2 percent in the structure of client accounts, reached 2.6 million while the share of deposit accounts accounted for 1.04 percent or around 222,000.

The number of bank clients by early March 2021, having increased by over 13 percent, amounted to 9.3 million. Some 9.1 million of them are individuals.

Some 26 banks are currently operating in Azerbaijan, two of which are state-owned banks and 24 are private banks.

---

Follow the author on Twitter: @jafarov_zeyni

Tags:
Latest

Latest