Bank Of Baku

Azerbaijan gets decline in bank deposits

Azerbaijan gets decline in bank deposits
# 03 November 2014 09:50 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. As of October 1, 2014 the deposits in Azerbaijan-based credit organizations made AZN 14,531.5 mln, up AZN 2,602.1 mln or 21.81% compared to a year earlier. Moreover, the deposits dropped AZN 108.3 mln or 0.74% month-on-month.

 

AZN 6,959.7 mln of deposits was household deposits. Personal savings fell AZN 33.1 mln or 0.47%. 

 

At the same time, legal entities’ deposits stood at AZN 7,618.1 mln, up AZN 1,926 mln or 33.84% from a year ago.

 

In legal entities’ deposits, AZN 4,085.6 mln or 53.63% belonged financial organizations, AZN 3,486.2 mln or 45.76% - to non-financial organizations. 

 

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