Baku, Azerbaijan, April 11
By Emin Aliyev - Trend
The population's deposits in Azerbaijan's banking system from regions (excluding Baku) amounted to 499.2 million manat or 7.5 percent of the total volume of bank deposits in Jan.-Feb. 2014.
The volume of deposits throughout Baku amounted to 6.092.4 billion manat, while some 3.642 billion manat fell to the deposits in national currency, according to the statistics report of the Azerbaijani Central Bank. The average interest rate in the country and in particular, in Baku amounted to 8.2 percent during the reporting period.
Thus, Baku remains a leader in drawing the population's deposits by banks.
Absheron economic region is a leader among regions for drawing the population's deposits (160.8 million manat, average rate - 9.1 percent per annum).
The volume of deposits in Aran economic region amounted to 148.9 million manat with the average rate of 7.3 percent, Mountain-Shirvan - 13.5 million manat, at the average rate of 6.2 percent, Ganja-Gazakh - 55 million manat, at a rate of 5.6 percent, Guba-Khachmaz - 20.1 million manat, at a rate of 6.4 percent, Lankaran - 41 9 million manat - the rate of 7.4 percent, Sheki-Zagatala - 21 million manat - the rate of 5.9 percent, Upper Karabakh - 11.6 million manat - 4.1 percent, Kalbajar-Lachin - 6.8 million manat - 5 percent, Nakhchivan - 19.2 million manat, at the average rate of 4 percent.
There are 43 banks in Azerbaijan, 42 of them - are members of the Azerbaijan Deposit Insurance Fund.
The official exchange rate is 0.7844 AZN/USD on April 11.
Translated by NH
Edited by CN