Bank deposits increase by 35% in Azerbaijan

Bank deposits increase by 35% in Azerbaijan
# 12 August 2013 12:00 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, the deposits in Azerbaijan-based credit organizations made AZN 11,399.9 mln, up AZN 1,695.6 mln or 17.5% compared with a year earlier. From the beginning of 2013, deposits grew by AZN 700.7 mln or 6.6%.

AZN 5,922.2 mln or 52.0% of deposits were household deposits. The savings soared AZN 1,549.6 mln or 35.4% compared to last year and AZN 808.8 mln or 15.8% from the beginning of 2013.

At the same time, legal entities’ deposits stood at AZN 5,477.7 mln, up AZN 146.0 mln or 2.7% as of July 1.

In legal entities’ deposits, AZN 2,827.2 mln or 51.6% belonged financial organizations, AZN 2,650.5 mln or 48.4% - to non-financial organizations.

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