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Unibank 70% increases deposits year-on-year

04 May 2010 12:21 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. The total retail term deposits in Unibank has grown by more than 69% during the past year and exceeded AZN 117,4 mn for the first time ever.

The sum of newly acquired retail deposits including call deposits equalled AZN 48 mn in the said period, while the number of the term deposit contracts that the Bank has signed since the end of April 2009 has grown 2 times. The number of deposit holders has reached almost 84,000. The retail term deposits (excluding current accounts) have grown by approximately AZN 23 mn or 30% since the beginning of this year alone. As a result, the growth rate of retail deposits in Unibank recorded this year is several times the consolidated retail deposit growth rate shown by the banking sector of the country.

Unibank has been in operation since 1992. The bank operates 25 branches, 64 ATMs and 244 POS-terminals across the country.