Baku, Azerbaijan, Feb. 5
By Anvar Mammadov – Trend:
As of Jan. 1, 2018, the population’s bank deposits in Azerbaijani districts (except for Baku) totaled 563.51 million manats, which is 7.5 percent of all bank deposits, according to the report of the Central Bank of Azerbaijan (CBA).
For comparison, as of late December 2016, the population’s bank deposits in Azerbaijani districts (except for Baku) totaled 498.58 million manats, which is 6.7 percent of all bank deposits.
The volume of deposits in the districts in December 2017 increased amid their increase in the country.
In the end of December 2017, the population kept deposits worth 7.45 billion manats in the banks.
As of Jan.1, 2018, this figure increased up to 7.56 billion manats.
As of early January 2018, the volume of population’s bank deposits in Baku amounted to almost 7 billion manats.
The average annual deposit rate throughout the country reached 4.3 percent, and on Baku – 4.2 percent in December 2017.
Distribution of bank deposits in Azerbaijani districts:
Districts |
Amount of deposits (thousand manats) |
Average interest rate (%) |
Absheron |
158,740.4 |
7.2 |
Aran |
120,009.0 |
4.0 |
Mountain Shirvan |
12,523.2 |
5.4 |
Ganja-Gazakh |
115,972.5 |
6.4 |
Guba-Khachmaz |
41,256.3 |
6.8 |
Lankaran |
40,833.2 |
7.3 |
Sheki-Zagatala |
31,881.8 |
4.3 |
Upper-Karabakh |
7,322.2 |
4.9 |
Kalbajar-Lachin |
1,062.1 |
10.7 |
Nakhchivan |
33,908.4 |
2.3 |