Bank Of Baku

Azerbaijan sees bank deposits decline

Azerbaijan sees bank deposits decline
# 02 July 2009 15:44 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of June 1, deposits and savings put in Azerbaijan-based commercial banks by the population stood at AZN 3 215.3 million, down 16.7% from a year ago, and 26.1 from early this year.

Deposits and savings in the national currency accounted for 46.7% of deposits.
Since early this year, there has been uptrend in this category of deposits.

Term

01.01.2009

01.06.2009

Up to 1 month

39,6%

17,2%

1- 3 months

3,9%

4,8%

3- 6 months

5,9%

5,1%

6- 9 months

1,7%

3,0%

9 months-1 year

20,9%

31,1%

1- 5 years

27,4%

37,2%

Over 5 years

0,6%

1,6%



Deposits made by individuals accounted for 50.4% of the deposits.

(mln. man.)

 

01.01.2009

Annual trend (%)

01.06.2009

Annual trend (%)

Total deposits:

4 348,5

36,5

3 261,3

-16,6

Individuals

1903,7

29,6

1912,9

19,3

Legal entities

2444,8

42,5

1302,4

-42,2



As show here, there has been a decline only in deposits by legal entities during January-May.
1 2 3 4 5 İDMAN XƏBƏR
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