Bank Of Baku

Azerbaijan sees growth in bank deposits

Azerbaijan sees growth in bank deposits
# 27 January 2011 12:51 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2011, the total amount of deposits in banks stood at AZN 5 448.8 million, up 17.1% or AZN 794.6 mln on a year earlier.

According to CBA, the household deposits made AZN 3 029.8 mln, non-financing organizations’ deposits stood at AZN 2 419 mln. The share of individuals in structure of the deposits makes 55.6%.

Non-financing organizations’ deposits increased by 4.3%, while the annual growth of household deposits made 29.8%. At the same time, deposit of individuals went up AZN 161.4 mln or 5.6% in December, the deposit of legal entities by AZN 536.4 mln or 28.5%.
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