Bank Of Baku

Azerbaijan-based banks see 24% rise in deposits

Azerbaijan-based banks see 24% rise in deposits
# 10 April 2014 15:30 (UTC +04:00)

Baku. Ilkin Ahmadov – APA-Economics. As of March 1, 2014 the deposits in Azerbaijan-based credit organizations made AZN 12,926.6 mln, up AZN 2,479.7 mln or 23.7% compared to a year earlier. In February, the deposits rose AZN 243.6 mln or 1.9%.

 

AZN 6,591.7 mln (51%) of deposits was household deposits. The deposits soared AZN 1,174.9 mln or 21.7% year-on-year. 

 

At the same time, legal entities’ deposits stood at AZN 6,334.9 mln, up AZN 1,304.8 mln or 25.9% from a year ago.

 

In legal entities’ deposits, AZN 3,520.4 mln or 55.6% belonged financial organizations, AZN 2,814.6 mln or 44.4% - to non-financial organizations. 

 

 

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