Baku, Azerbaijan, March 8
By Azad Hasanli – Trend:
As of late January 2018, the population’s bank deposits in Azerbaijani districts (except for Baku) totaled 554.36 million manats, which is 7.4 percent more than in the same period of 2017, according to the report of the Central Bank of Azerbaijan (CBA).
For comparison, as of late January 2017, 6.67 percent of all bank deposits in the country accounted for Azerbaijan’s districts.
Almost 72 percent (398.96 million manats) of all deposits in the districts of the country account for savings in national currency. In January 2017, this figure was about 50 percent (257.04 million manats).
As of early February 2018, the volume of population’s bank deposits in Baku amounted to 6.94 billion manats, including 2.13 billion manats in national currency (30.7 percent).
The average annual deposit rate throughout the country reached 4.4 percent, and on Baku – 4.3 percent in January 2018.
Distribution of bank deposits in Azerbaijani districts:
|
Districts |
Amount of deposits (thousand manats) |
Average interest rate (%) |
|
Absheron |
162,105.3 |
7.0 |
|
Aran |
94,729.0 |
5.1 |
|
Mountain Shirvan |
11,647.2 |
5.8 |
|
Ganja-Gazakh |
117,927.2 |
6.5 |
|
Guba-Khachmaz |
42,092.8 |
6.8 |
|
Lankaran |
47,148.8 |
6.3 |
|
Sheki-Zagatala |
32,126.9 |
4.5 |
|
Upper-Karabakh |
8,647.3 |
4.3 |
|
Kalbajar-Lachin |
1,030.5 |
11.5 |
|
Nakhchivan |
36,902.0 |
2.2 |
(1.7 AZN = $1 on March 8)