Bank Of Baku

Long-term bank deposits are more popular in Azerbaijan

Long-term bank deposits are more popular in Azerbaijan
# 06 March 2009 16:20 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of February 1, out of 4 296.4 million worth of deposits with banks, 42.4% were long-term deposits for 1-5 years.
The National Bank of Azerbaijan said this figure rose by 0.8% from early this year.

Terms of deposits and savings

01.02.2009

01.01.2009

01.01.2008

Up to 1 month

1,7%

2,3%

9,2%

1-3 motnhs

8,0%

8,7%

10,1%

3-6 months

7,2%

7,2%

5,6%

6-9 months

3,8%

3,8%

4,6%

9-12 months

36,6%

36,3%

33,2%

1-5

42,4%

41,4%

37,3%

Over 5 years

0,3%

0,3%

0

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