A decrease was recorded in the savings of the population in banks compared to the month. So, according to the information as of August 1, the volume of total deposits decreased by 43.3 million manats compared to the previous month and fell to 12 billion 705 million manats. It should be noted that a monthly decrease in the volume of deposits was recorded in February of this year.
Publika.az informs that these words Member of Milli Majlis, economist expert Vugar Bayramov said.
The expert noted that deposit rates in banks continue to decrease. The average deposit interest per manat decreased to 6.0 percent for term deposits. In the case of fixed deposits, the interest is only symbolic. This does not affect savings investments.
“The bankruptcy of Gunay Bank also affected the volume of total deposits. It should be noted that when the license was revoked, the bank’s deposit portfolio was 82 million 507 thousand manats.
In general, despite the monthly decrease, the volume of deposits increased by 962 million manat compared to January of this year. In this regard, it is important to maintain the monthly growth rate throughout the year. Greater attraction of savings is also important from the point of view of financing the real sector and reducing loan interest rates,” the deputy added.
Mehti Kamiloğlu
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