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Population's bank deposits in Azerbaijan's districts up

Finance Materials 7 November 2018 15:43

Baku, Azerbaijan, Nov. 7

By Taleh Mursagulov – Trend:

As of late September 2018, population’s bank deposits in Azerbaijani districts totalled 643.5 million manats, which is 14.2 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 7.9 percent in the total volume of all bank deposits in the country in late September 2018.

Around 75.27 percent (484.36 million manats) of all deposits in the country's districts account for savings in the national currency.

In late September 2018 in Baku, the volume of deposits amounted to 7.56 billion manats, including 2.59 billion manats in national currency.

In September 2018, the average annual interest rate on loans was 3.9 percent in the country's districts and Baku.

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

District

Deposits (thousand manats)

Average interest rate (%)

Absheron

184,238.2

6.1

Aran

116,883.7

4

Mountainous Shirvan

17,741.8

4.5

Ganja-Gazakh

136,324.9

5.6

Guba-Khachmaz

54,137

5.8

Lankaran

48,354

5.8

Shaki-Zagatala

37,977.6

3.6

Upper-Karabakh

11,148.2

3.4

Kalbajar-Lachin

0.0

0.0

Nakhchivan

36,692.1

1.9

(1.7 manats = $1 on Nov. 7)

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