Population’s savings in Azerbaijan's regions are seven per cent of all bank deposits
Baku, Azerbaijan, Dec. 12
By Emin Aliyev - Trend:
In January-October 2013, the population's deposits attracted to Azerbaijan's banking system from the regions except Baku, amounted to 455.7 million manat or 7.23 per cent of the total volume of bank deposits.
According to the Azerbaijani Central Bank's statistics report, the volume of deposits in Baku amounted to 5.847.6 billion manat while those in the national currency amounted to 3.520.1 billion manat. The average percentage rate in the country reached eight per cent, while it was 8.1 per cent in Baku during the reporting period.
The sum of deposits in the Absheron economic region amounted to 149.7 million manat with an average rate of nine per cent, Aran - 128.7 million manat at 7.4 per cent, the Mountain-Shirvan - 12.8 million manat at 6.2 per cent, Ganja-Gazakh - 55.84 million manat at 4.9 per cent, Guba-Khachmaz - 15.7 million manat at 6.1 per cent, Lankaran - 37.3 million manat at 7.7 per cent, Sheki-Zagatala - 18.5 million manat at 5.8 per cent, the Upper Karabakh - 10.4 million manat at 4.5 per cent, Kalbajar-Lachin - 6.3 million manat at 4.8 per cent and Nakhchivan - 20.3 million manat at 3.3 per cent.
Around 43 banks are operating in Azerbaijan.
The official exchange rate is 0.7843 AZN/USD on Dec. 12.
Translated by NH
Edited by SM