Azerbaijan-based banks see deposit outflow

Azerbaijan-based banks see deposit outflow
# 07 September 2015 13:46 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of August 1, 2015 the deposits in Azerbaijan-based credit organizations made AZN 18,213.6 mln, up AZN 3,655.5 mln or 25.11% compared to a year earlier. The deposits fell AZN 18 mln or 0.1% in July.

AZN 7,605.1 mln or 41.76% of deposits was household savings. The savings soared AZN 6.651 mln or 9.58% compared to 2014.

At the same time, legal entities’ deposits stood at AZN 10,608.4 mln, up AZN 2,990.3 mln or 39.25% from a year ago.

In legal entities’ deposits, AZN 5,667.5 mln or 53.42% belonged financial organizations, AZN 4,940.9 mln or 46.58% - to non-financial organizations.

Local banks have 4,879.7 mln in manat, 13,333.8 mln in foreign currency.

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