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Monday, October 03, 2005

Azerbaijani banks gross $1.368 bln in deposits in September

BAKU, October 1 (RIA Novosti, Gerai Dadashev) - Azerbaijani banks attracted 6,285.2 bln manat (about $1.368 bln) in deposits in September, 44.6% more than in the same period last year and 4.12% more than at the beginning of August 2005, the National Bank of Azerbaijan said in a press release. Deposits in the local currency totaled 1,276.2 bln manat ($278 million), or 20.3% of the total, as compared to more than $1.888 bln, or 79.7%, in hard currency. Individual hit 2,258.9 bln manat ($492 mln), 31.3% more than for the same period last year, while corporate deposits stand at 4,026.3 bln manat (more than $876 mln), 53.4 % more than in 2004.

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