Baku, Azerbaijan, Jan. 5
By Maksim Tsurkov - Trend:
The population's deposits to Azerbaijan's banking system from the country's districts (except for Baku), totaled 563.5 million AZN in January-November 2014, or 8 percent of the total bank deposits.
The figure increased by 18.5 percent compared to the same period of 2013, the Central Bank of Azerbaijan's report as of 11 months, 2014 says.
The volume of deposits in Baku was 6.522 billion AZN, while some 4.044 billion AZN accounted for the deposits in the national currency.
In this period, the average interest rate throughout the country hit 8 percent, and 8.1 percent - in Baku.
Baku is still the leader on such indices of the population's deposits in the banks.
Among Azerbaijan's districts, the Aran economic district (171.34 million AZN, the average rate of 7.1 percent per annum) is leading in terms of drawing the population's deposits.
In the mentioned period the volume of deposits in the Absheron economic district totaled 170.81 million AZN at an average rate of 8.4 percent, Mountainous Shirvan - 15.9 million AZN at a rate of 6 percent, Ganja-Gazakh - 65.9 million AZN at a rate 5.7 percent, Guba-Khachmaz - 22.33 million AZN at a rate of 6.1 percent, Lankaran - 48.47 million AZN - the rate of 6.6 percent, Sheki-Zagatala - 24.01 million AZN - the rate of 5.3 percent, Upper Karabakh - 14.48 million AZN - 3.9 percent, Kalbajar-Lachin - 8.5 million AZN - 4.6 percent, Nakhchivan - 21.8 million AZN - the average rate of 4 percent.
There are 44 banks in Azerbaijan, 42 of which are members of the Azerbaijan Deposit Insurance Fund.
The official exchange rate is 0.7844 AZN/USD.
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Edited by CN