Demand deposits have increased

12:46 - 31.07.2019


July 31, Fineko/abc.az. As of 30 June the total retail deposits in banks amounted to AZN 8.633 bn, says the monthly report of the Financial Market Supervision Authority.

According to statistics, at the end of May the deposits totaled AZN 8.527 bn.

The growth of deposits for June is linked with rise of demand deposits by AZN 149.6 million.

Demand deposits, which amounted to AZN 3.146 bn at the end of May, reached AZN 3.296 bn at the end of June. And for the first 6 months the deposits grew by AZN 505.7 million.

Interest rates offered by banks for term deposits have been cut recently.

 

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