Long-term and short-term savings individuals grew in proportion to August

Deposits of credit organizations in Azerbaijan increased in August 2013 by 6.4 million or 0.1 % to $ 11,661.5 million manat. Over the past 12 months , three of which there was a decline , the figure rose to 1,783.2 million or 19.3%.

In the reporting month, just manat attachments rose. The volume of funds amounted to 6016.8 manat mln. , And its share in the total deposit portfolio of banks increased in August to 51.6 %. A year earlier, the share of resources manat stood at 46.4%.

By the beginning of September individuals in the bank deposits and investments in the amount of 6090.4 million manats , which corresponds to 52.2 % of the total figure ( 51.6 % a month earlier ) . Short-term investments of individuals in the reporting month increased by 40.5 million or 1.2% to 3492.7 million manat. Long-term savings by individuals increased by 30.6 million or 1.2% to 2597.7 million manat.

Time deposits decreased to 7,512.5 million or 64.4% of the total. The total demand deposits stood at 4149 million manat.

According to the Central Bank of Azerbaijan , the average rate of the manat deposits and deposits decreased in August by 0.04 percentage points to 9.45 % on savings in foreign currency - by 0.03 percentage points to 10.01 %. In the reporting month, the manat deposits accepted from individuals an average of 9.94 % per annum , the currency - at 10.43 %. For legal entities , the figures were 5.20% and 4.41 %, respectively. - 15B -