Bank Of Baku

Interest rates on deposit decline in Azerbaijan

Interest rates on deposit decline in Azerbaijan
# 08 October 2010 09:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of September 1, 2010, average interest rates on bank deposit made 10.99% in manat, 10.57% in foreign currency, down 0.73 and 0.14 percentage points compared with the beginning of 2010, CBA told APA.

Note that interest rates on individual’s deposit decreased by 0.89 percentage point to 12.09% in manat, by 0.17 percentage points to 12.11% in foreign currency during the same period. At the same time the interest rate on legal entities’ deposit slid 0.51 percentage points to 6.14% in manat, by 0.32 percentage points to 5.66% in foreign currency.
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