Bank deposits increase 23%

Bank deposits increase 23%
# 05 January 2015 13:07 (UTC +04:00)

Baku. Yegane Lachinzade – APA-Economics. As of December 1, 2014 the deposits in Azerbaijan-based credit organizations made AZN 15,312 mln, up AZN 2,879.3 mln or 23.15% compared to a year earlier. Compared to October, the deposits rose AZN 485.3 mln or 3.27% in November.

AZN 7,086.4 mln or 46.27% of deposits was household savings. The savings soared AZN 666.8 mln or 10.39% year-on-year.

At the same time, legal entities’ deposits stood at AZN 8,225.6 mln, up AZN 2,212.5 mln or 36.79% from a year ago.

In legal entities’ deposits, AZN 4,131.4 mln or 50.23% belonged to financial organizations, AZN 4,094.2 mln or 49.77% - to non-financial organizations.

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