BAKU, Azerbaijan, December 26. The overall volume of Azerbaijan's population's bank deposits increased by 936.3 million manat, or $550.7 million (8.08 percent), year on year, from 11.58 billion ($6.8 billion) to 12.5 billion manat ($7 billion) as of November 30, 2023, Trend reports via Central Bank of Azerbaijan (CBA).
According to CBA data, Baku accounted for 88.16 percent of all bank deposits in the country (11 billion manat, or $6.5 billion), whereas regions accounted for 11.84 percent (1.48 billion manat, or $870 million).
At the same time, 65.75 percent of the population's bank deposits (8.2 billion manat, or $4.8 billion) were in national currency, while 34.25 percent (4.4 billion manat, or $2.5 billion) were in foreign currency.
Azerbaijan's average yearly deposit rate was 3.67 percent, while Baku's was 3.55 percent.
Distribution of bank deposits by Azerbaijani regions (as of November 30, 2023):
|
Deposits |
Average interest rate (percent) |
Share of total deposits (percent) |
|
|
Azerbaijan |
12.5 billion manat ($7 billion) |
3.67 |
100 |
|
Baku |
11 billion manat ($6.5 billion) |
3.55 |
88.16 |
|
Economic regions, including: |
1.48 billion manat ($870 million) |
11.84 |
|
|
Nakhchivan |
64.6 million manat ($38 million) |
2.6 |
0.52 |
|
Absheron-Khizi |
428.69 million manat ($252 million) |
5.43 |
3.42 |
|
Mountainous Shirvan |
38.6 million manat ($22.7 million) |
3.95 |
0.31 |
|
Ganja-Dashkasan |
201.8 million manat ($118.7 million) |
5.34 |
1.61 |
|
Karabakh |
83 million manat ($48.8 million) |
3.74 |
0.66 |
|
Gazakh-Tovuz |
104 million manat ($61.18 million) |
4.8 |
0.83 |
|
Guba-Khachmaz |
112.85 million manat ($66 million) |
4.71 |
0.9 |
|
Lankaran-Astara |
118 million manat ($69 million) |
4.68 |
0.94 |
|
Central Aran |
112 million manat ($65.88 million) |
4.12 |
0.9 |
|
Mil-Mughan |
46 million manat ($27 million) |
2.30 |
0.37 |
|
Shaki-Zagatala |
110.9 million manat ($65 million) |
3.68 |
0.89 |
|
Eastern Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
61.98 million manat ($36 million) |
3.17 |
0.49 |