Azerbaijan, Baku, Nov. 8 / Trend /
As of the third quarter of 2012, the depositary base of Azerbaijani banks increased by 3.88 percent and increased by 15.33 percent compared to the same period of 2011, the Azerbaijani Central Bank's statistics report said today.
According to the CBA, as of early Oct., the total amount of bank deposits, deposits of physical and legal entities totaled 10.080.6 billion manat compared to 9.704.3 billion manat as of early third quarter of 2012 and 8.740.6 billion manat as of early Oct. 2011.
The deposits in national currency - manat hit 4.559.9 billion manat, of which 1.863.5 billion manat - demand deposits, 2.696.4 billion manat - urgent deposits. The deposits in foreign currency hit 5.520.6 billion manat (1.492.3 billion manat and 4.028.3 billion manat respectively).
As of the third quarter of 2012, the volume of physical entities' deposits in banks in Azerbaijan increased by 4.2 percent, while the volume of legal entities' deposits by 3.6 percent. Individual clients' deposits increased by 25.78 percent compared to the third quarter of 2011, while corporate clients' deposits increased by 7.9 percent.
By early Oct., the volume of physical entities' deposits in the banks amounted to 4.556.3 billion manat compared to 4.372.6 billion manat in early third quarter of 2012 and 3.622.4 billion manat - as of Oct. 1, 2011.
According to the CBA, some 2.615.9 billion manat (57.4 percent) were placed by the population in the national currency - manat, 1.940.4 billion manat - in freely convertible currency.
By early Oct., the volume of deposits of financial organizations hit 2.710.0 billion manat compared to 2.507.1 billion manat as of early third quarter of 2012 and 2.530.4 billion manat as of Oct. 1, 2011.
By early Oct. the volume of legal entities' deposits amounted to 5.524.3 billion manat compared to 5.331.7 billion manat as of early third quarter and 5.118.2 billion manat as of Oct. 1, 2011.
By early Oct., the volume of deposits of non-financial organizations hit 2.814.3 billion manat compared to 2.824.6 billion manat as of early third quarter of 2012 and 2.587.8 billion manat as of Oct. 1, 2011.
Around 43 banks operate in Azerbaijan.
The official exchange rate is 0.7850 AZN/USD as of Nov. 8.
