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AccessBank`s chair: Deposit portfolio observed growth in Azerbaijan for 2019

26.02.2020,13:19


February 26, Fineko/abc.az. Over the past year our country’s banks observed the largest growth in the deposit portfolio of precisely individuals.

ABC.AZ reports that the relevant statement was made by AccessBank’s chairman of board Anar Hasanov when speaking about bank’s achievements for 2019 and plans for 2020.

According to Hasanov, as a whole, AccessBank observed the best dynamics of growth in the deposit portfolio last year that is an indicator of public confidence to the Bank.

"While the growth of deposits in the domestic banking sector was quite moderate, this indicator on our bank increased more than by AZN 160 million. Our client accounts, including the current ones, amounted to AZN 680 million at the end of 2019, while the deposit portfolio of individuals exceeded AZN 114 million. This fact shows not only the stability of the growth of the deposit portfolio, but also is a positive indicator of increasing the solvency of our clients," Hasanov emphasized.

Manat deposits on the market are still considered to be quite profitable for the population. For us, this is an opportunity to diversify further the sources of funding and not depend solely on the funds of international organizations.