...

Bank deposits of Azerbaijani districts’ population increase by 10pct

Business Materials 6 June 2018 19:18 (UTC +04:00)

Baku, Azerbaijan, June 6

By Azad Hasanli – Trend:

As of late April 2018, population’s bank deposits in Azerbaijani districts totalled 618.29 million manats, which is 9.7 percent more compared to the early 2018, according to a report of the Central Bank of Azerbaijan (CBA).

The share of Azerbaijani districts made up 7.8 percent in the total volume of all bank deposits in the country in late April 2018.

Almost 74.26 percent (459.14 million manats) of all deposits in the country's districts account for savings in the national currency.

In late April 2018 in Baku, the volume of deposits amounted to 7.26 billion manats, including 2.4 billion manats in national currency.

In April 2018, the average annual interest rate on loans was 4.2 percent in the country's districts and 4.1 percent in Baku.

Bank deposits in Azerbaijani districts (as of late April 2018):

District

Deposits (thousand manats)

Average interest rate (%)

Absheron

168,109.5

6.7

Aran

116,743.4

4.1

Mountainous Shirvan

15,753.7

4.7

Ganja-Gazakh

134,525.3

5.7

Guba-Khachmaz

48,285.6

6.7

Lankaran

50,336.3

5.9

Shaki-Zagatala

37,536.5

3.9

Upper-Karabakh

10,637.5

3.7

Kalbajar-Lachin

0.0

0.0

Nakhchivan

36,362.0

2.2

($1 = 1.7 AZN on June 6).

--

Follow the author on Twitter: @AzadHasanli

Tags:
Latest

Latest