Deposits by legal entities decline in Azerbaijan

Deposits by legal entities decline in Azerbaijan
# 25 May 2009 16:23 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Deposits declined by 13% year-on-year and 26.3% during January-April to AZN 3 205.3 million, said he Central Bank of Azerbaijan.

According to statistics as of May 1, the decline was caused by only a drop in deposits by legal entities while deposits by individuals increased by 17.1% year-on-year to AZN 1 865.8 million.

(mln. manat)

01.05.2009

01.01.2009

01.05.2009

Total deposits

3 205,3

4 348,5

3 682,4

In manat

1 435,2

1 935,3

1 695,7

In foreign currencies

1 770,1

2 413,2

1 986,7

Deposits by individuals

1 865,8

1 903,7

1 593,7

In manat

691,1

1 035,6

753,7

In foreign currencies

1 174,7

868,1

840

Deposits by legal entities

1 339,5

2 444,8

2 088,7

In manat

744,1

899,7

941,9

In foreign currencies

595,4

1 545,1

1 146,8

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