BAKU, Azerbaijan, April 30
By Eldar Janashvili - Trend:
The total bank deposits in Azerbaijani regions as of late March 2020 made up 794.4 million manat ($467.3 million), which is 76.3 million manat ($44.9 million) or 10.6 percent more compared to March 2019, Trend reports referring to a report of the Central Bank of Azerbaijan (CBA).
The share of Azerbaijani regions in the total volume of all bank deposits in the country as of late March 2020 was 9.6 percent.
Around 44.9 percent or 4.5 million manat ($2.6 million) of all deposits in the country's regions for the reporting period account for savings in the national currency. As of late March 2020, the volume of deposits in Baku amounted to 7.4 billion manat ($4.3 billion), including 3.1 billion manat ($1.8 billion) in national currency.
The average annual deposit rate in late March 2020 was 3.5 percent in the country's regions and 3.4 percent in Baku.
Distribution of bank deposits between Azerbaijani regions (as of late March 2020):
|
Deposit volume |
Average interest rate (%) |
Share of total volume of loans (%) |
|
|
Azerbaijan |
8.2 billion manat ($4.8 billion) |
3.5 |
100 |
|
Baku |
7.4 billion manat ($4.3 billion) |
3.5 |
90.3 |
|
Economic regions including |
794.4 million manat ($467.3 million) |
3.8 |
9.6 |
|
Absheron |
246.8 million ($145.2 million) |
5.3 |
2.9 |
|
Aran |
135.4 million manat ($79.6 million) |
4 |
1.6 |
|
Mountainous Shirvan |
21.9 million manat ($12.9 million) |
3.6 |
0.2 |
|
Ganja-Gazakh |
161.1 million manat ($94.8 million) |
5.3 |
1.9 |
|
Guba-Khachmaz |
61 million manat ($35.9 million) |
5.1 |
0.7 |
|
Lankaran |
61.2 million manat ($36.1 million) |
5.6 |
0.7 |
|
Sheki-Zagatala |
48.7 million manat ($28.6 million) |
3.6 |
0.5 |
|
Upper Karabakh |
11.8 million manat ($6.9 million) |
3.4 |
0.1 |
|
Kalbajar-Lachin |
0 |
0 |
0 |
|
Nakhchivan |
46.1 million manat ($27.1 million) |
1.8 |
0.5 |
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(1 USD = 1.7 manat on April 30)