Bank Of Baku

Azerbaijan sees 11% rise in population’s savings

Azerbaijan sees 11% rise in population’s savings
# 22 October 2009 12:19 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of September 1, savings put in Azerbaijan-based banks reached AZN 2 024.1 million, up 10.8% from a year ago, said the State Statistical Committee.

According to the statistics, 36.2% of savings are held in the home currency (manat) and 63.8% in foreign currencies, especially dollar.

75.1% of savings are in privately owned banks.
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