OREANDA-NEWS. November 11, 2009. The Central Bank of Azerbaijan informed that by 1st October 2009 overall bank deposits and newly-opened deposit accounts of individuals and juridical entities totaled AZN 4.22 bn versus AZN 4.314 bn by 1st September, AZN 4.39 bn by 1st August, AZN 3.696 bn by 1st July, AZN 3.704 bn by 1st June, AZN 3.624 bn by 1st May, AZN 3.554 bn by 1st April, AZN 4.16 bn by 1st March 2009, AZN 5.287 bn by 1st February and AZN 4.76 bn by 1st January 2009.

Of them deposits in manats amounted AZN 1.508 bn (-3.9% in September) and deposits in foreign currency AZN 2.7 bn (-1.2%).

In September 2009 it was observed rise in deposits of individuals and decline in deposits of legal entities - by 4.7% and 8.3% respectively.

By 1st October 2009 individuals’ newly-opened deposits in the country’s banks amounted AZN 2.12 bn (versus AZN 2.02 bn by 1st September, AN 1.999 bn by 1st August, AZN 1.934 bn by 1st July, AZN 1.912 bn by 1st June and AZN 1902 bn by 1st January of 2009), while legal entities’ ones AZN 2.099 bn (against AZN 2.066 bn by 1st September, AZN 2.15 bn by 1st August, AZN 1.48 bn by 1st July, AZN 1.5 bn by 1st June and AZN 2.6 bn by 1st January 2009).
By this October individuals’ deposits and newly-opened deposit accounts in national currency (manats) totaled AZN 806.1 million and in freely convertible currency AZN 1.314 bn.

Juridical entities’ deposits in manats amounted AZN 702.2 million and in foreign currency AZN 1.396 bn.

By 1st October 2009 average manat deposit rate was 11.8% versus 11.61% by 1st January 2009.
If to take into account consumer inflation of 2.1% year-on-year, the real deposit rate was 9.7% versus (-9.19%) following the past year. Average rate of deposits in foreign currency made 10.64% against 7.96%.

By 1st October 2009 average rate of juridical entities’ manat deposits totaled 7.83% versus 9.48% by 1st January 2009, while real rate was 5.72% against (-11.32%) for 2008. Average rate of corporate clients’ deposits in foreign currency was 4.79% versus 5.4%.

By 1st October 2009 average rate of individuals’ manat deposits reached 13.04% versus 12.54% by 1st January 2009, while real rate 10.94% versus (-8.26%) for 2008. Average rate on individuals’ deposits in foreign currency made 12.5% versus 12.43%.