Bank Of Baku

Azerbaijan sees 19% rise in bank deposits

Azerbaijan sees 19% rise in bank deposits
# 17 January 2014 08:53 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of December 1, 2013 the deposits in Azerbaijan-based credit organizations made AZN 12,432.7 mln, up 19.4% compared to a year earlier. The deposits rose AZN 16.2% compared to early 2013, 3.2% in November.

 

AZN 6,419.6 mln or 51.6% of deposits was household savings. The savings soared 34.8% compared to 2012. 

 

At the same time, juridical persons’ deposits stood at AZN 6,013.1 mln, up 6.5% from a year ago.

 

In juridical persons’ deposits, AZN 3,250.2 mln or 54.1% belonged financial organizations (+18.7%), AZN 2,762.9 mln or 45.9% - to non-financial organizations (-4.6%).  

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