Baku, Azerbaijan, Aug. 5
By Sara Israfilbayova - Trend:
Azerbaijan’s Ganja-Gazakh and Aran economic regions are leading in terms of the growth of bank deposits, Trend reports referring to data provided by the Central Bank of Azerbaijan (CBA).
According to the report, the volume of attracted deposits amounted to 160.1 million manats in the Ganja-Gazakh economic region and to 133.7 million manats in the Aran economic region. They account for 38.6 percent of all deposits in the regions of the country.
Over the year, banks in these areas increased their deposits by 6.7 and 4.1 percent, respectively.
Interest rates are at 4.4 percent in the Aran economic region and at 5.4 percent in the Ganja-Gazakh economic region. Average interest rates in other regions range from 5 to 6 percent.
Bank deposits of residents of the regions of Azerbaijan amounted to 761.8 million manats at the end of July 2019 (an increase of 12.7 percent over the year). The share of the regions of Azerbaijan accounted for 8.7 percent of all bank deposits in the country.
($1=1.7 AZN on August 5)
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