Baku. Ali Ahmedov – APA-Economics. In 2012, population’s deposits rose 15.6% to AZN 4.8 bln, statement of Central Bank of Azerbaijan on main directions of monetary and financial stability policy for 2013 reported.
According to statement, the deposits with the period of more than a year rose 17.4%. Growth rate of deposits in manat (23%) exceeded growth rate of deposits in foreign currency (6.5%) significantly. Deposits in regions soared 16%.
Statement also says reduction in interest rates continued in 2012. Average interest rates on loans and deposits reduced 2 percentage points.
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