Average rate on legal entities’ deposits in national currency ups

As of Dec. 1, 2012, Azerbaijan reduced the average rate on deposits of legal entities in foreign currency by more than twice, but increased the rates for the same deposits in manat.

According to the Azerbaijani Central Bank's statistics report, the average rate on deposits in manat as of Dec. 1, 2012 was 10.04 percent compared to 10.26 percent as of Jan. 1, 2012, 10.65 percent as of Dec. 1, 2011.

The average rate on deposits in foreign currency amounted to 10.29 percent compared to 11.11 percent and 11.27 percent respectively.

As of Dec. 1, 2012, the average rate on physical entities' deposits in manat was 10.37 percent compared to 10.76 percent as of early Jan. and 11.1 percent as of early Dec. 2011. The average rate on individual clients' deposits in foreign currency amounted to 10.84 percent compared to 11.27 percent and 11.39 percent respectively.

As of early Dec. 2012, the average rate on legal entities' deposits in manat was 6.74 percent compared to 5.6 percent as of Jan. 1, 2012 and 6.15 percent as of Dec. 1, 2011. The average rate on corporate clients' deposits in foreign currency was 3.76 percent compared to 7.02 percent and 8.02 percent respectively.


/Trend/