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Bank deposits of Azerbaijani districts’ population increase

Business Materials 10 July 2018 13:49 (UTC +04:00)

Baku, Azerbaijan, July 10

By Anvar Mammadov – Trend:

As of late May 2018, population’s bank deposits in Azerbaijani districts totalled 614.03 million manats, which is 8.9 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 May 2018.

Almost 74.33 percent (456.4 million manats) of all deposits in the country's districts account for savings in the national currency.

In late May 2018 in Baku, the volume of deposits amounted to 7.25 billion manats, including 2.46 billion manats in national currency.

In May 2018, the average annual interest rate on loans was 4.3 percent in the country's districts and 4.2 percent in Baku.

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

District

Deposits (thousand manats)

Average interest rate (%)

Absheron

173,088.8

6.7

Aran

110,225.8

4.3

Mountainous Shirvan

15,186.3

5

Ganja-Gazakh

134,632.4

5.8

Guba-Khachmaz

49,183.4

6.5

Lankaran

45,490.5

6.5

Shaki-Zagatala

37,453.3

3.8

Upper-Karabakh

12,938.7

3.1

Kalbajar-Lachin

0

0

Nakhchivan

35,830.3

2.2

($1 = 1.7 AZN on July 10).

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Follow the author on Twitter: @Anvar_Mammadov

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