Retail deposits increased in April


May 30, Fineko/abc.az. The Financial Market Supervision Authority reports that as of 30 April 2019 the total liabilities of banks operating in Azerbaijan amounted to AZN 25.349 bn.

In April 2019 the deposits of individuals amounted to AZN 8.625 bn. In April, the deposits grew by 4.5% (AZN 371.7 million). A rise in the deposit portfolio of individuals for the month was due to term and demand deposits.

In April, the retail deposits increased by 13.2% (AZN 367.8 million) up to AZN 3.155 bn and term deposits by 0.1% (AZN 3.9 million) up to AZN 5.469 bn.

Term deposits of legal entities increased by 19.2% (AZN 278 million) compared to the beginning of the year and amounted to AZN 1.727 bn. The total amount of deposits of legal entities by the end of the month amounted to AZN 10.176 bn.