Bank Of Baku

Deposits in national currency grew 20% in Azerbaijan

Deposits in national currency grew 20% in Azerbaijan
# 23 October 2008 13:05 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of September 1, deposits kept by the population in banks reached AZN 1 826.2 million, up 52.2% on the same period last year.
The State Statistical Committee said 53.9% of the deposits were held in national currency and 46.1% in foreign currencies. There was a 1.2 times year-over-year rise in national-currency deposits and 16.1% increase in foreign-currency deposits.
65.9% of the deposits were kept in private banks.
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