...

About 77% of deposits in Azerbaijani regions account for manats

Finance Materials 3 January 2019 14:06 (UTC +04:00)

Baku, Azerbaijan, Jan. 3

By Taleh Mursagulov - Trend:

As of late November 2018, population’s bank deposits in Azerbaijani districts totaled 662.993 million manats, which is 17.65 percent more compared to the early 2018, Trend reports with reference to a report of the Central Bank of Azerbaijan (CBA).

The share of Azerbaijani districts made up 8.21 percent in the total volume of all bank deposits in the country in late November 2018.

Around 76.94 percent (510.101 million manats) of all deposits in the country's districts account for savings in the national currency.

In late November 2018 in Baku, the volume of deposits amounted to 7.4 billion manats, including 2.5 billion manats in national currency.

In November 2018, the average annual interest rate on loans was 3.9 percent in the country's regions and 3.8 percent in Baku.

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

Economic regions

Deposits (1,000 manats)

Average interest rate (%)

Absheron

191,478.4

5.9

Aran

123,345.7

3.8

Mountainous Shirvan

15,437.4

5.4

Ganja-Gazakh

139,212.3

5.3

Guba-Khachmaz

53,054.8

5.9

Lankaran

50,905.4

5.5

Shaki-Zagatala

39,665.4

3.5

Upper-Karabakh

12,502

3

Kalbajar-Lachin

0

0

Nakhchivan

37,391.9

1.8

($1 = 1.7 manats on Jan. 3)

---

Follow the author on Twitter: @TalehMursagulov

Tags:
Latest

Latest