Deposits in banks not to decrease because of Karabakh events


December 3, Fineko/abc.az. International rating agency Fitch has made a forecast on three countries of the South Caucasus.

ABC.AZ reports that the agency informed about a moderate level of support for the banking sector from the government and strategic foreign shareholders due to limited ownership in Azerbaijan, Armenia and Georgia.

Agency's specialists noted that in the first 9 months of this year the volume of deposits in Azerbaijan grew by 12% versus last year, and the events that occurred in Karabakh in early October will not lead to a decrease in deposits.