Bank Of Baku

Azerbaijan sees 25% growth in bank deposits

Azerbaijan sees 25% growth in bank deposits
# 08 September 2014 08:50 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of August 1, 2014, the deposits in Azerbaijan-based credit organizations made AZN 14,558.1 mln, up AZN 2,903 mln or 24.9% compared to a year earlier. In July, the deposits rose AZN 566.7 mln or 4.1%.

 

AZN 6,940 mln or 47.67% of deposits was household savings. The savings soared AZN 920.7 mln or 15.29% year-on-year. 

 

At the same time, legal entities’ deposits stood at AZN 7,618.1 mln, up AZN 1,982.3 mln or 35.2% from a year ago.

 

In legal entities’ deposits, AZN 4,083 mln or 61.5% belonged financial organizations, AZN 3,535.1 mln or 38.5% - to non-financial organizations.  

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