Bank Of Baku

Azerbaijan sees 34% rise in population deposits year-on-year

Azerbaijan sees 34% rise in population deposits year-on-year
# 23 January 2012 13:06 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of December 1, 2011, the volume of Azerbaijani population’s deposits rose 33.5% to AZN 3,830.1 mln.

The State Statistical Committee told APA that the volume of deposits in national currency exceeded foreign currency deposits and made AZN 1,970.2 mln (51.4% of deposits’ total volume). 76.6% of deposits were placed at private banks.

Note that, average rate of manat against $1 USD made AZN 0.79, AZN 2.50 – 100 Russian rubles, AZN 1.04 – 1 euro.
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