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Azerbaijan sees household deposits up 23%

Azerbaijan sees household deposits up 23%

29 January 2010 17:03 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-ECONOMICS. As at January 1, household deposits in Azerbaijan-based commercial banks stood at AZN 2 334.8 million, up 22.6% or AZN 429.6 million from a year ago.

The Central Bank of Azerbaijan said 58.6% of the deposits are held in foreign currencies and
77.7% of deposits were term deposits.

Household deposits, as other important performance indicators of the banking system, started to increase after declining during the first quarter 2009.

Household deposits declined by 6.9% or AZN 131 million during January-March but grew in April-December.

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