Number of Bank Customers Falls by More Than 4%

According to the Central Bank of Azerbaijan, from January 1 to March 1, the total number of bank customers decreased by 235,355 people (minus 4.12%) to 5,481,030 people).

The vast majority (98.46% or 5,396,922) of customers refers to individuals, mainly the recipients of debts on consumer loans, and only 84,108 customers are legal entities.

At the same time the number of customer accounts increased from 1 March 2015 to 1 March 2016 by 10.5% - up to 15,687,705 (minus 3.34% to January 1). Most of them (12,361,678 or 78.8%) are current accounts, 2,906,969 or 18.5% - credit accounts, and 419,058 or 2.67% - deposit accounts. --17D-

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