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Over 70% of population's bank deposits in Azerbaijan's regions - in manats

Business Materials 6 October 2018 13:37 (UTC +04:00)

Baku, Azerbaijan, Oct. 6

By Taleh Mursagulov - Trend:

As of late August 2018, population’s bank deposits in Azerbaijani districts totalled 607.69 million manats, which is 7.8 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 7.6 percent in the total volume of all bank deposits in the country in late August 2018.

Around 73 percent (443.7 million manats) of all deposits in the country's districts account for savings in the national currency.

In late August 2018 in Baku, the volume of deposits amounted to 7.4 billion manats, including almost 2.52 billion manats in national currency.

In August 2018, the average annual interest rate on loans was 4.1 percent in the country's districts and 4 percent in Baku.

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

District

Deposits (thousand manats)

Average interest rate (%)

Absheron

183,089.2

6.2

Aran

105,031

4.5

Mountainous Shirvan

15,009.4

5.4

Ganja-Gazakh

130,692.5

5.9

Guba-Khachmaz

49,138

6.3

Lankaran

44,084.1

6.5

Shaki-Zagatala

35,135.9

3.8

Upper-Karabakh

9,183.3

4.2

Kalbajar-Lachin

0

0

Nakhchivan

36,324.4

2

(1.7 manats = $1 on Oct. 6)

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