BAKU, Azerbaijan, March 4. Bank deposits of the population in Azerbaijan (including funds of individuals engaged in individual entrepreneurial activity) increased by 9.96 percent to 13.116 billion manat in January 2024 (11.928 billion manat in the same period last year), Trend reports.
According to the Central Bank of Azerbaijan (CBA), the volume of household deposits in national currency increased by 16.87 percent to 8.53 billion manats, amounting to 65.05 percent of all deposits.
Bank deposits of the population in foreign currency decreased by 0.95 percent (to 4.585 billion manat), amounting to 34.95 percent of all deposits of the population (in the same period last year the share of deposits in foreign currency was 35.75 percent).
As of February 1, 2024, the volume of bank deposits of residents is 11.842 billion manat, non-residents - 1.273 billion manat. During the reporting period, residents' deposits increased by 10.04 percent, non-residents' deposits - by 9.18 percent.
In general, as of February 1, 2024, the volume of deposits in banks in Azerbaijan is estimated at 37.588 billion manat, which is 5.73 percent more than in the same period last year.
At the end of 2023, bank deposits of the population in Azerbaijan (including funds of individuals engaged in individual entrepreneurial activity) amounted to 12.947 billion manat.